ILLINOIS STATE BOARD OF EDUCATION · 19-022-2000-26 DuPage Deerfield Miller, Cooper & Co., Ltd. Betsy Allen IL 60015 1751 Lake Cook Road [email protected] Click on the Link

Due to ROE on Friday, October 14th

Due to ISBE on Tuesday, November 15th

SD/JA16

X School District

Joint Agreement

CASH

School District/Joint Agreement Number: X ACCRUAL Name of Auditing Firm:

County Name: Name of Audit Manager:

Name of School District/Joint Agreement: Address:

Address: City: State: Zip Code:

Submit electronic AFR directly to ISBE

City: Phone Number: Fax Number:

Email Address: IL License Number (9 digit): Expiration Date:

Zip Code: 0 Email Address:

Annual Financial Report

Type of Auditor's Report Issued: ISBE Use Only

Qualified X Unqualified X YES NO Are Federal expenditures greater than $750,000?

Adverse X YES NO Is all Single Audit Information completed and attached?

Disclaimer X YES NO Were any financial statement or federal awards findings issued?

Reviewed by District Superintendent/Administrator Reviewed by Township Treasurer (Cook County only) Reviewed by Regional Superintendent/Cook ISC

Name of Township:

District Superintendent/Administrator Name (Type or Print): Township Treasurer Name (type or print) RegionalSuperintendent/Cook ISC Name (Type or Print):

Email Address:

Telephone: Fax Number: Telephone: Fax Number: Telephone: Fax Number:

Signature & Date: Signature & Date: Signature & Date:

* This form is based on 23 Illinois Administrative Code 100, Subtitle A, Chapter I, Subchapter C (Part 100). This form is based on 23 Illinois Administrative Code, Subtitle A, Chapter I, Subchapter C, Part 100.

ISBE Form SD50-35/JA50-60 (05/16) In some instances, use of open account codes (cells) may not be authorized by statute or administrative rule.

Each school district or joint agreement is responsible for obtaining the concurring legal opinion and/or other s

upporting authorization/documentation, as necessary, to use the applicable account code (cell).

[email protected]

065-046525

847-205-5000

09/30/2018

847-205-1400

Certified Public Accountant InformationSchool District/Joint Agreement Information

(See instructions on inside of this page.)

Wheaton

130 West Park Avenue

19-022-2000-26

DuPage

Deerfield

Miller, Cooper & Co., Ltd.

Betsy Allen

60015IL

1751 Lake Cook Road

[email protected]

Click on the Link to Submit:

Send ISBE a File

Filing Status:

Community Unit School District 200

ILLINOIS STATE BOARD OF EDUCATION

School Business Services Division

June 30, 2016

Accounting Basis:

Annual Financial Report *

100 North First Street, Springfield, Illinois 62777-0001

217/785-8779

Illinois School District/Joint Agreement

630-682-2002

Dr. Jeffrey Schuler

60187

Email Address:Email Address:

Single Audit Status:

[email protected]

630-682-2227

Printed: 11/03/2016

Community Unit SD 200 16 AFR STATE np.xlsm

https://sec1.isbe.net/attachmgr/default.aspx


TABLE OF CONTENTS

TAB Name

AFR Page

No.

Auditor's Questionnaire……………………………...………....…………………………..………..................................................... Aud Quest 2

Comments Applicable to the Auditor's Questionnaire……..……..………………. ………………….…………………………. Aud Quest 2

Financial Profile Information …………………………………………….…………………………………………….................................................. FP Info 3

Estimated Financial Profile Summary…………………………………………………………………………………………………………...... Financial Profile 4

Basic Financial Statements

Statement of Assets and Liabilities Arising from Cash Transactions/Statement of Position ………………............................................... Assets-Liab 5 - 6

Statement of Revenues Received/Revenues, Expenditures Disbursed/Expenditures, Other

Sources (Uses) and Changes in Fund Balances (All Funds)…...……………..…………………….......................................... Acct Summary 7 - 8

Statements of Revenues Received/Revenues (All Funds)………………………………………………………………................................. Revenues 9 - 14

Statements of Expenditures Disbursed/Expenditures Budget to Actual (All Funds)……………………….................................................... Expenditures 15 - 22

Supplementary Schedules

Federal Stimulus - American Recovery and Reinvestment Act (ARRA) Schedule……………………………………………. ARRA Sched 23

Schedule of Ad Valorem Tax Receipts…………………………………………………………………………………………….. Tax Sched 24

Schedule of Short-Term Debt/Long-Term Debt ………………………………………………………….................................................... Short-Term Long-Term Debt 25

Schedule of Restricted Local Tax Levies and Selected Revenue Sources/

Schedule of Tort Immunity Expenditures…………………………………..….……………….……………………..…....... Rest Tax Levies-Tort Im 26

Statistical Section

Schedule of Capital Outlay and Depreciation……………………………………………………………………................................................ Cap Outlay Deprec 27

Estimated Operating Expenditures Per Pupil and Per Capita Tuition Charge Computation…………………………… PCTC-OEPP 28 - 29

Estimated Indirect Cost Rate for Federal Programs (Section I, Section II)………………………………………………............................................. ICR Computation 30

Report on Shared Services or Outsourcing ………………………………………………................................................................................................................ Shared Outsourced Serv. 31

Administrative Cost Worksheet……………………………………………………………………….……………................................................ AC 32

Itemization Schedule…………………………………………………………………………………………………................................................ ITEMIZATION 33

Reference Page……………………………………………………………………………………………………….................................................. REF 34

Notes, Opinion Letters, etc…… Opinion-Notes 35

Deficit Reduction Calculation…… Deficit AFR Sum Calc 36

Audit Checklist/Balancing Schedule………………………………………………………………………………................................................. AUDITCHECK -

Single Audit Section

Annual Federal Compliance Report…………………………………………………………………………………............................................. Single Audit Cover - CAP 37 - 46

INSTRUCTIONS/REQUIREMENTS: For School Districts/Joint Agreements

All School Districts/Joint Agreements must complete this form (Note: joint agreement supplementary/statistical schedules may not be applicable)

Round all amounts to the nearest dollar. Do not enter cents. (Exception: 9 Month ADA on page 28, line 78)

This form complies with Part 100 (Requirements for Accounting, Budgeting, Financial Reporting, and Auditing).

23, Illinois Administrative Code 100, Subtitle A, Chapter I, Subchapter C (Part 100)

Any errors left unresolved by the Audit Checklist/Balancing Schedule must be explained in the itemization page.

Submit AFR Electronically

* The Annual Financial Reports (AFR) must be submitted directly through the Attachment Manager to the AFR Group by the Auditor or School District

designated personnel (Please see Instructions for complete submission procedures).

Attachment Manager Link

Note: CD/Disk no longer accepted.

* AFR supporting documentation must be embedded as Microsoft Word (.doc), Word Perfect (*.wpd) or Adobe (*.pdf) and inserted within tab "Opinions & Notes".

These documents include: The Audit, Management letter, Opinion letters, Compliance letters, Financial notes etc…. For embedding instructions see

"Opinions & Notes" tab of this form.

Note: Adobe Acrobat (*.pdf) files cannot be embedded if you do not have the software. Simply attach files as separate docs in the Attachment

Manager and they will be embedded for you.

Submit Paper Copy of AFR with Signatures

1) The auditor must send three paper copies of the AFR form (cover through page 8 at minimum) to the School District with the auditor signature.

Note: School Districts and Regional Superintendents may prefer a complete paper copy in lieu of an electronic file. Please comply with their requests as neccessary.

2) Upon receipt, the School District retains one copy for their records, signs, and forwards the remaining two copies to the Regional Superintendent's

office no later than October 15, annually.

3) Upon receipt, the Regional Superintendent's office retains one copy for their records, signs, and forwards the remaining paper copy to ISBE no later

than November 15, annually.

* Yellow Book, CPE, and Peer Review requirements must be met if the Auditor issues an opinion stating "Governmental Auditing Standards" were utilized.

Single Audit Act

Qualifications of Auditing Firm

* School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and the

corresponding acceptance letter from the approved peer review program, for the current peer review period.

* A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified

auditing firm at the school district's/joint agreement's expense.

Printed: 11/03/2016


http://www.isbe.net/rules/archive/pdfs/100ARK.pdf


http://www.isbe.net/funding/html/a133.htm

Page 2 Page 2

the box on the left, and attach the appropriate findings/comments.

PART A - FINDINGS

1. One or more school board members, administrators, certified school business officials, or other qualifying district employees failed to file economic

interest statements pursuant to the Illinois Government Ethics Act. [5 ILCS 420/4A-101]

2. One or more custodians of funds failed to comply with the bonding requirements pursuant to Sections 8-2, 10-20.19 or 19-6 of the School Code.

[105 ILCS 5/8-2; 10-20.19; 19-6]

3. One or more contracts were executed or purchases made contrary to the provisions of Section 10-20.21 of the School Code. [105 ILCS 5/10-20.21]

4. One or more violations of the Public Funds Deposit Act or the Public Funds Investment Act were noted. [30 ILCS 225/1 et. seq. and 30 ILCS 235/1 et. seq.]

5. Restricted funds were commingled in the accounting records or used for other than the purpose for which they were restricted.

6. One or more short-term loans or short-term debt instruments were executed in non-conformity with the applicable authorizing statute or without statutory Authority.

7. One or more long-term loans or long-term debt instruments were executed in non-conformity with the applicable authorizing statute or without statutory Authority.

8. Corporate Personal Property Replacement Tax monies were deposited and/or used without first satisfying the lien imposed pursuant to the State

Revenue Sharing Act. [30 ILCS 115/12]

9. One or more interfund loans were made in non-conformity with the applicable authorizing statute or without statutory authorization.

10. One or more interfund loans were outstanding beyond the term provided by statute.

11. One or more permanent transfers were made in non-conformity with the applicable authorizing statute/regulation or without statutory/regulatory authorization.

12. Substantial, or systematic misclassification of budgetary items such as, but not limited to, revenues, receipts, expenditures, disbursements or expenses

were observed.

13. The Chart of Accounts used to define and control budget and accounting records does not conform to the minimum requirements imposed by

ISBE rules pursuant to Sections 2-3.27 and 2-3.28 of the School Code. [105 ILCS 5/2-3.27; 2-3.28]

14. At least one of the following forms was filed with ISBE late: The FY15 AFR (ISBE FORM 50-35), FY15 Annual Statement of Affairs (ISBE Form 50-37)

and FY16 Budget (ISBE FORM 50-36). Explain in the comments box below.

ISBE rules pursuant to Sections 3-15.1, 10-17, and 17-1 of the School Code [105 ILCS 5/3-15.1; 5/10-17; 5/17-1]

15. The district has issued tax anticipation warrants or tax anticipation notes in anticipation of a second year's taxes when warrants or notes in

anticipation of current year taxes are still outstanding, as authorized by Sections 17-16 or 34-23 thru 34-27 of the School Code.

[105 ILCS 5/17-16 or 34-23 thru 34-27]

16. The district has issued short-term debt against two future revenue sources, such as, but not limited to, tax anticipation warrants and General State Aid

certificates or tax anticipation warrants and revenue anticipation notes.

17. The district has issued school or teacher orders for wages as permitted in Sections 8-16, 32-7.2 and 34-76 of the School Code or issued funding

bonds for this purpose pursuant to Section 19-8 of the School Code. [105 ILCS 5/8-6, 32-7.2, 34-76, and 19-8]

18. The district has for two consecutive years shown an excess of expenditures/other uses over revenues/other sources and beginning fund balances

on its annual financial report for the aggregate totals of the Educational, Operations & Maintenance, Transportation, and Working Cash Funds.

19. Student Activity Funds, Imprest Funds, or other funds maintained by the district were excluded from the audit.

X 20. Findings, other than those listed in Part A (above), were reported (e.g. student activity fund findings).

21. Federal Stimulus Funds were not maintained and expended in accordance with the American Recovery and Reinvestment Act (ARRA) of 2009. If checked,

an explanation must be provided.

X 22. Check this box if the district is subject to the Property Tax Extension Limitation Law. Effective Date: 10/01/1991 (Ex: 00/00/0000)

23. If the type of Auditor Report designated on the cover page is other than an unqualified opinion and is due to reason(s) other than solely Cash Basis Accounting,

please check and explain the reason(s) in the box below.

AUDITOR'S QUESTIONNAIRE

PART B - FINANCIAL DIFFICULTIES/CERTIFICATION Criteria pursuant to Section 1A-8 of the School Code [105 ILCS 5/1A-8]

PART C - OTHER ISSUES

INSTRUCTIONS: If your review and testing of State, Local, and Federal Programs revealed any of the following statements to be true, then check

Printed: 11/03/2016 Community Unit SD 200 16 AFR STATE np.xlsm

(For School Districts who report on an Accrual/Modified Accrual Accounting Basis only)

School districts that report on the accrual/modified accrual basis of accounting must identify where late mandated categorical payments (Acct Codes 3100, 3105, 3110, 3500, and 3510)

are recorded. Depending on the accounting procedure these amounts will be used to adjust the Direct Receipts/Revenues in calculation 1 and 2 of the Financial Profile Score.

In FY2016, identify those late payments recorded as Intergovermental Receivables, Other Recievables, or Deferred Revenue & Other Current Liabilities or Direct Receipts/Revenue.

Payments should only be listed once.

24. Enter the date that the district used to accrue mandated categorical payments Date: 12/30/2016

25. For the listed mandated categorical (Revenue Code (3110, 3500, 3510, 3100, 3105) that were vouchered prior to June 30th, but not released until after year end

as reported in ISBE FRIS system, enter the amounts that were accrued in the chart below.

3110 3500 3510 3100 3105 Total

Deferred Revenues (490)

Mandated Categoricals Payments (3110, 3500, 3510, 3100, 3105) 759,500 108,019 802,114 494,757 410,460 2,574,850

Direct Receipts/Revenue

Mandated Categoricals Payments (3110, 3500, 3510, 3100, 3105 0 0 0 0 0 0

Total 2,574,850

* Revenue Code (3110-Sp Ed Personnel, 3510-Sp Ed Transportation, 3500-Regular/Vocational Transportation, 3105-Sp Ed Funding for Children Requiring Services,3100-Sp Ed Private Facilities)

PART E - QUALIFICATIONS OF AUDITING FIRM

* School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and the corresponding acceptance

letter from the approved peer review program for the current peer review.

* A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified auditing firm

at the school district's/joint agreement's expense.

Comments Applicable to the Auditor's Questionnaire:

Name of Audit Firm (print)

11/03/2016Signature mm/dd/yyyy

PART D - EXPLANATION OF ACCOUNTING PRACTICES FOR LATE MANDATED CATEGORICAL PAYMENTS

Account Name


The undersigned affirms that this audit was conducted by a qualified auditing firm and in accordance with the applicable standards [23 Illinois

Administrative Code Part 100] and the scope of the audit conformed to the requirements of subsection (a) or (b) of 23 Illinois Administrative

Code Part 100 Section 110, as applicable.

Page 3 Page 3

1234

56

78

9

10

1112

1314

15

16171819

2021

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23

24252627

282930

31

32

3334

35

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3839

40414243

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57585960

61

A B C D E F G H I J K L M

Required to be completed for School Districts only.

A. Tax Rates (Enter the tax rate - ex: .0150 for $1.50)

Tax Year 2015 Equalized Assessed Valuation (EAV): 2,747,816,672

EducationalOperations &

MaintenanceTransportation Combined Total Working Cash

Rate(s): 0.038100 + 0.004300 + 0.001770 = 0.044170 0.000000

B. Results of Operations *

Receipts/RevenuesDisbursements/

ExpendituresExcess/ (Deficiency) Fund Balance

153,643,241 152,071,918 1,571,323 47,254,604

* The numbers shown are the sum of entries on Pages 7 & 8, lines 8, 17, 20, and 81 for the Educational, Operations & Maintenance,

Transportation and Working Cash Funds.

C. Short-Term Debt **CPPRT Notes TAWs TANs TO/EMP. Orders GSA Certificates

0 + 0 + 0 + 0 + 0 +

Other Total

0 = 0

** The numbers shown are the sum of entries on page 25.

D. Long-Term Debt

Check the applicable box for long-term debt allowance by type of district.

a. 6.9% for elementary and high school districts, 379,198,701

X b. 13.8% for unit districts.

Long-Term Debt Outstanding:

c. Long-Term Debt (Principal only) Acct

Outstanding:……….....…………….... 511 163,830,407

E. Material Impact on Financial Position

If applicable, check any of the following items that may have a material impact on the entity's financial position during future reporting periods.

Attach sheets as needed explaining each item checked.

Pending Litigation

Material Decrease in EAV

Material Increase/Decrease in Enrollment

Adverse Arbitration Ruling

Passage of Referendum

Taxes Filed Under Protest

Decisions By Local Board of Review or Illinois Property Tax Appeal Board (PTAB)

Other Ongoing Concerns (Describe & Itemize)

Comments:

FINANCIAL PROFILE INFORMATION

Printed: 11/03/2016


Page 4 Page 4

1

2

3

4

5

6

7

8

910

1112131415

16171819202122

23242526

27282930

31323334

3536

37

38

39404142

A B C D E F G H I K L M N O P Q R

District Name: Community Unit School District 200

District Code: 19-022-2000-26

County Name: DuPage

1. Fund Balance to Revenue Ratio: Total Ratio Score 4Total Sum of Fund Balance (P8, Cells C81, D81, F81 & I81) Funds 10, 20, 40, 70 + (50 & 80 if negative) 47,254,604.00 0.308 Weight 0.35

Funds 10, 20, 40, & 70, 153,643,241.00 Value 1.40

Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 10 & 20 0.00

(Excluding C:D57, C:D61, C:D65, C:D69 and C:D73)

2. Expenditures to Revenue Ratio: Total Ratio Score 4Total Sum of Direct Expenditures (P7, Cell C17, D17, F17, I17) Funds 10, 20 & 40 152,071,918.00 0.990 Adjustment 0

Funds 10, 20, 40 & 70, 153,643,241.00 Weight 0.35

Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 10 & 20 0.00

(Excluding C:D57, C:D61, C:D65, C:D69 and C:D73) 0 Value 1.40

Possible Adjustment:

3. Days Cash on Hand: Total Days Score 3Funds 10, 20 40 & 70 52,317,078.00 123.85 Weight 0.10

Total Sum of Direct Expenditures (P7, Cell C17, D17, F17 & I17) Funds 10, 20, 40 divided by 360 422,421.99 Value 0.30

4. Percent of Short-Term Borrowing Maximum Remaining: Total Percent Score 4Tax Anticipation Warrants Borrowed (P25, Cell F6-7 & F11) Funds 10, 20 & 40 0.00 100.00 Weight 0.10

EAV x 85% x Combined Tax Rates (P3, Cell J7 and J10) (.85 x EAV) x Sum of Combined Tax Rates 103,165,403.04 Value 0.40

5. Percent of Long-Term Debt Margin Remaining: Total Percent Score 3Long-Term Debt Outstanding (P3, Cell H37) 163,830,407.00 56.79 Weight 0.10

Total Long-Term Debt Allowed (P3, Cell H31) 379,198,700.74 Value 0.30

Total Profile Score: 3.80 *

Estimated 2017 Financial Profile Designation: RECOGNITION

* Total Profile Score may change based on data provided on the Financial Profile

Information, page 3 and by the timing of mandated categorical payments. Final score

will be calculated by ISBE.

Total Sum of Cash & Investments (P5, Cell C4, D4, F4, I4 & C5, D5, F5 & I5)

Total Sum of Direct Revenues (P7, Cell C8, D8, F8, & I8)

Total Sum of Direct Revenues (P7, Cell C8, D8, F8 & I8)

ESTIMATED FINANCIAL PROFILE SUMMARY

(Go to the following website for reference to the Financial Profile)

www.isbe.net/sfms/p/profile.htm

Printed: 11/03/2016


http://www.isbe.net/sfms/p/profile.htm

Page 5 BASIC FINANCIAL STATEMENTS

STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS

STATEMENT OF POSITION AS OF JUNE 30, 2016

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A B C D E F G H I J K

(10) (20) (30) (40) (50) (60) (70) (80) (90)

Acct.

#Educational

Operations &

MaintenanceDebt Services Transportation

Municipal

Retirement/Social

Security

Capital Projects Working Cash TortFire Prevention &

Safety

CURRENT ASSETS (100)

Cash (Accounts 111 through 115) 1 9,446,036 14,416,951 12,005,952 1,297,481 195,940 29,026 27,156,610 0 0

Investments 120 0 0 0 0 0 0 0 0 0

Taxes Receivable 130 53,025,935 5,805,735 9,239,218 2,389,803 1,613,455 0 0 0 0

Interfund Receivables 140 0 0 0 0 0 0 0 0 0

Intergovernmental Accounts Receivable 150 2,628,598 0 0 910,133 0 0 0 0 0

Other Receivables 160 0 0 0 0 0 0 0 0 0

Inventory 170 0 0 0 0 0 0 0 0 0

Prepaid Items 180 0 0 0 0 0 0 0 0 0

Other Current Assets (Describe & Itemize) 190 0 0 0 0 0 0 0 0 0

Total Current Assets 65,100,569 20,222,686 21,245,170 4,597,417 1,809,395 29,026 27,156,610 0 0

CAPITAL ASSETS (200)

Works of Art & Historical Treasures 210

Land 220

Building & Building Improvements 230

Site Improvements & Infrastructure 240

Capitalized Equipment 250

Construction in Progress 260

Amount Available in Debt Service Funds 340

Amount to be Provided for Payment on Long-Term Debt 350

Total Capital Assets

CURRENT LIABILITIES (400)

Interfund Payables 410 0 0 0 0 0 0 0 0

Intergovernmental Accounts Payable 420 260,877 0 0 0 0 0 0 0 0

Other Payables 430 1,854,189 887,284 688,100 1,110,754 0 10,805 0 0 0

Contracts Payable 440 0 0 0 0 0 0 0 0 0

Loans Payable 460 0 0 0 0 0 0 0 0 0

Salaries & Benefits Payable 470 146,989 10,059 0 0 0 0 0 0 0

Payroll Deductions & Withholdings 480 294,580 30,369 0 777 0 0 0 0 0

Deferred Revenues & Other Current Liabilities 490 56,121,129 5,805,735 9,239,218 3,299,936 1,613,455 0 0 0 0

Due to Activity Fund Organizations 493 0 0 0 0 0 0 0 0 0

Total Current Liabilities 58,677,764 6,733,447 9,927,318 4,411,467 1,613,455 10,805 0 0 0

LONG-TERM LIABILITIES (500)

Long-Term Debt Payable (General Obligation, Revenue, Other) 511

Total Long-Term Liabilities

Reserved Fund Balance 714 0 0 0 0 0 0 0 0 0

Unreserved Fund Balance 730 6,422,805 13,489,239 11,317,852 185,950 195,940 18,221 27,156,610 0 0

Investment in General Fixed Assets

Total Liabilities and Fund Balance 65,100,569 20,222,686 21,245,170 4,597,417 1,809,395 29,026 27,156,610 0 0

ASSETS

(Enter Whole Dollars)

Print Date: 11/03/2016


Page 6 BASIC FINANCIAL STATEMENTS

STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS

STATEMENT OF POSITION AS OF JUNE 30, 2016

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A B

Acct.

#

CURRENT ASSETS (100)

Cash (Accounts 111 through 115) 1

Investments 120

Taxes Receivable 130

Interfund Receivables 140

Intergovernmental Accounts Receivable 150

Other Receivables 160

Inventory 170

Prepaid Items 180

Other Current Assets (Describe & Itemize) 190

Total Current Assets

CAPITAL ASSETS (200)

Works of Art & Historical Treasures 210

Land 220

Building & Building Improvements 230

Site Improvements & Infrastructure 240


Construction in Progress 260

Amount Available in Debt Service Funds 340

Amount to be Provided for Payment on Long-Term Debt 350

Total Capital Assets

CURRENT LIABILITIES (400)

Interfund Payables 410

Intergovernmental Accounts Payable 420

Other Payables 430

Contracts Payable 440

Loans Payable 460

Salaries & Benefits Payable 470

Payroll Deductions & Withholdings 480

Deferred Revenues & Other Current Liabilities 490

Due to Activity Fund Organizations 493

Total Current Liabilities

LONG-TERM LIABILITIES (500)

Long-Term Debt Payable (General Obligation, Revenue, Other) 511

Total Long-Term Liabilities

Reserved Fund Balance 714

Unreserved Fund Balance 730

Investment in General Fixed Assets

Total Liabilities and Fund Balance

ASSETS


L M N

Account Groups

Agency Fund General Fixed

Assets

General Long-

Term Debt

1,288,314

1,288,314

8,098,223

310,596,547

8,890,400

14,238,854

34,502

11,317,852

152,512,555

341,858,526 163,830,407

1,288,314

1,288,314

163,830,407

163,830,407

341,858,526

1,288,314 341,858,526 163,830,407



Page 7 BASIC FINANCIAL STATEMENT

STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER

SOURCES (USES) AND CHANGES IN FUND BALANCE

ALL FUNDS - FOR THE YEAR ENDING JUNE 30, 2016

Page 7

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(10) (20) (30) (40) (50) (60) (70) (80) (90)

Acct

#Educational

Operations &


Municipal

Retirement/ Social

Security


Safety

RECEIPTS/REVENUES

LOCAL SOURCES 1000 113,892,443 12,026,104 18,527,876 4,994,448 3,773,883 352,362 48,245 0 0

FLOW-THROUGH RECEIPTS/REVENUES FROM ONE DISTRICT TO

ANOTHER DISTRICT

2000

0 0 0 0

STATE SOURCES 3000 11,973,842 130,000 0 2,716,666 0 0 0 0 0

FEDERAL SOURCES 4000 7,861,493 0 0 0 0 0 0 0 0

Total Direct Receipts/Revenues 133,727,778 12,156,104 18,527,876 7,711,114 3,773,883 352,362 48,245 0 0

Receipts/Revenues for "On Behalf" Payments 2 3998 46,752,079 0 0 0 0 0 0 0

Total Receipts/Revenues 180,479,857 12,156,104 18,527,876 7,711,114 3,773,883 352,362 48,245 0 0

DISBURSEMENTS/EXPENDITURES

Instruction 1000 93,206,582 2,152,221

Support Services 2000 37,287,373 11,369,782 7,967,117 1,537,344 825,157 0 0

Community Services 3000 843,999 0 0 94,803

Payments to Other Districts & Govermental Units 4000 1,397,065 0 0 0 0 0 0

Debt Service 5000 0 0 18,366,462 0 0 0 0

Total Direct Disbursements/Expenditures 132,735,019 11,369,782 18,366,462 7,967,117 3,784,368 825,157 0 0

Disbursements/Expenditures for "On Behalf" Payments 2

4180 46,752,079 0 0 0 0 0 0 0

Total Disbursements/Expenditures 179,487,098 11,369,782 18,366,462 7,967,117 3,784,368 825,157 0 0

Excess of Direct Receipts/Revenues Over (Under) Direct

Disbursements/Expenditures 3

992,759 786,322 161,414 (256,003) (10,485) (472,795) 48,245 0 0

OTHER SOURCES/USES OF FUNDS

OTHER SOURCES OF FUNDS (7000)

PERMANENT TRANSFER FROM VARIOUS FUNDS

Abolishment of the Working Cash Fund 12 7110 0

Abatement of the Working Cash Fund 12 7110 0 0 0 0 0 0 0 0

Transfer of Working Cash Fund Interest 7120 0 0 0 0 0 0 0 0

Transfer Among Funds 7130 0 0 0

Transfer of Interest 7140 0 0 0 0 0 0 0 0 0

Transfer from Capital Project Fund to O&M Fund 7150 0

Transfer of Excess Fire Prevention & Safety Tax and Interest Proceeds

to O&M Fund 4

7160

0

Transfer to Excess Fire Prevention & Safety Bond and Interest Proceeds

to Debt Service Fund 5

7170

0

SALE OF BONDS (7200)

Principal on Bonds Sold 7210 0 0 6,140,000 0 0 0 0 0

Premium on Bonds Sold 7220 0 0 0 0 0 0 0 0

Accrued Interest on Bonds Sold 7230 0 0 0 0 0 0 0 0

Sale or Compensation for Fixed Assets 6 7300 0 0 0 0 0 0 0 0

Transfer to Debt Service to Pay Principal on Capital Leases 7400 0

Transfer to Debt Service to Pay Interest on Capital Leases 7500 0

Transfer to Debt Service to Pay Principal on Revenue Bonds 7600 0

Transfer to Debt Service Fund to Pay Interest on Revenue Bonds 7700 0

Transfer to Capital Projects Fund 7800 0

ISBE Loan Proceeds 7900 0 0 0 0 0 0 0

Other Sources Not Classified Elsewhere 7990 0 0 0 0 0 0 0 0 0

Total Other Sources of Funds 0 0 6,140,000 0 0 0 0 0 0

OTHER USES OF FUNDS (8000)

Description




Page 8 BASIC FINANCIAL STATEMENT

STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER

SOURCES (USES) AND CHANGES IN FUND BALANCE

ALL FUNDS - FOR THE YEAR ENDING JUNE 30, 2016

Page 8

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Operations &


Municipal

Retirement/ Social

Security


Safety

Description


46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

PERMANENT TRANSFER TO VARIOUS OTHER FUNDS (8100)

Abolishment or Abatement of the Working Cash Fund 12 8110 0

Transfer of Working Cash Fund Interest 12 8120 0

Transfer Among Funds 8130 0 0 0

Transfer of Interest 8140 0 0 0 0 0 0 0

Transfer from Capital Project Fund to O&M Fund 8150 0

Transfer of Excess Fire Prevention & Safety Tax & Interest Proceeds to

O&M Fund 4 8160

0

Transfer of Excess Fire Prevention & Safety Bond and Interest Proceeds

to Debt Service Fund 5 8170

0

Taxes Pledged to Pay Principal on Capital Leases 8410 0 0 0

Grants/Reimbursements Pledged to Pay Principal on Capital Leases 8420

Other Revenues Pledged to Pay Principal on Capital Leases 8430

Fund Balance Transfers Pledged to Pay Principal on Capital Leases 8440

Taxes Pledged to Pay Interest on Capital Leases 8510 0 0 0

Grants/Reimbursements Pledged to Pay Interest on Capital Leases 8520

Other Revenues Pledged to Pay Interest on Capital Leases 8530

Fund Balance Transfers Pledged to Pay Interest on Capital Leases 8540

Taxes Pledged to Pay Principal on Revenue Bonds 8610 0 0

Grants/Reimbursements Pledged to Pay Principal on Revenue Bonds 8620

Other Revenues Pledged to Pay Principal on Revenue Bonds 8630

Fund Balance Transfers Pledged to Pay Principal on Revenue Bonds 8640

Taxes Pledged to Pay Interest on Revenue Bonds 8710 0 0

Grants/Reimbursements Pledged to Pay Interest on Revenue Bonds 8720

Other Revenues Pledged to Pay Interest on Revenue Bonds 8730

Fund Balance Transfers Pledged to Pay Interest on Revenue Bonds 8740

Taxes Transferred to Pay for Capital Projects 8810 0 0

Grants/Reimbursements Pledged to Pay for Capital Projects 8820

Other Revenues Pledged to Pay for Capital Projects 8830

Fund Balance Transfers Pledged to Pay for Capital Projects 8840

Transfer to Debt Service Fund to Pay Principal on ISBE Loans 8910 0 0 0 0 0 0

Other Uses Not Classified Elsewhere 8990 0 0 6,088,500 0 0 0 0 0 0

Total Other Uses of Funds 0 0 6,088,500 0 0 0 0 0 0

Total Other Sources/Uses of Funds 0 0 51,500 0 0 0 0 0 0

992,759 786,322 212,914 (256,003) (10,485) (472,795) 48,245 0 0

Fund Balances - July 1, 2015 5,430,046 12,702,917 11,104,938 441,953 206,425 491,016 27,108,365 0 0

Other Changes in Fund Balances - Increases (Decreases)

(Describe & Itemize)

Fund Balances - June 30, 2016 6,422,805 13,489,239 11,317,852 185,950 195,940 18,221 27,156,610 0 0

Excess of Receipts/Revenues and Other Sources of Funds (Over/Under)

Expenditures/Disbursements and Other Uses of Funds



Page 9 STATEMENT OF REVENUES RECEIVED/REVENUES

FOR THE YEAR ENDING JUNE 30, 2016

Page 9

1

2

3

4

5

6

7

8

9

10

1112

13

14

15

16

1718

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

3940

41

42

43

44

45

46

47

48

49

50

51


(10) (20) (30) (40) (50) (60) (70) (80) (90)

Acct

#Educational

Operations &


Municipal

Retirement/

Social Security

Capital Projects Working Cash TortFire Prevention

& Safety

RECEIPTS/REVENUES FROM LOCAL SOURCES (1000)

AD VALOREM TAXES LEVIED BY LOCAL EDUCATION AGENCY 1100

Designated Purposes Levies (1110-1120) 7

104,027,102 11,620,083 18,514,275 4,747,981 892,788 0 0 0 0

Leasing Purposes Levy 8 1130 0 0

Special Education Purposes Levy 1140 2,183,376 0 0 0 0

FICA/Medicare Only Purposes Levies 1150 2,605,031

Area Vocational Construction Purposes Levy 1160 0 0 0

Summer School Purposes Levy 1170 0

Other Tax Levies (Describe & Itemize) 1190 0 0 0 0 0 0 0 0 0

Total Ad Valorem Taxes Levied By District 106,210,478 11,620,083 18,514,275 4,747,981 3,497,819 0 0 0 0

PAYMENTS IN LIEU OF TAXES 1200

Mobile Home Privilege Tax 1210 0 0 0 0 0 0 0 0 0

Payments from Local Housing Authorities 1220 0 0 0 0 0 0 0 0 0

Corporate Personal Property Replacement Taxes 9

1230 1,515,110 0 0 0 275,000 0 0 0 0

Other Payments in Lieu of Taxes (Describe & Itemize) 1290 0 0 0 0 0 0 0 0 0

Total Payments in Lieu of Taxes 1,515,110 0 0 0 275,000 0 0 0 0

TUITION 1300

Regular - Tuition from Pupils or Parents (In State) 1311 31,558

Regular - Tuition from Other Districts (In State) 1312 0

Regular - Tuition from Other Sources (In State) 1313 0

Regular - Tuition from Other Sources (Out of State) 1314 0

Summer Sch - Tuition from Pupils or Parents (In State) 1321 233,582

Summer Sch - Tuition from Other Districts (In State) 1322 0

Summer Sch - Tuition from Other Sources (In State) 1323 0

Summer Sch - Tuition from Other Sources (Out of State) 1324 0

CTE - Tuition from Pupils or Parents (In State) 1331 0

CTE - Tuition from Other Districts (In State) 1332 0

CTE - Tuition from Other Sources (In State) 1333 0

CTE - Tuition from Other Sources (Out of State) 1334 0

Special Ed - Tuition from Pupils or Parents (In State) 1341 2,425

Special Ed - Tuition from Other Districts (In State) 1342 0

Special Ed - Tuition from Other Sources (In State) 1343 0

Special Ed - Tuition from Other Sources (Out of State) 1344 0

Adult - Tuition from Pupils or Parents (In State) 1351 0

Adult - Tuition from Other Districts (In State) 1352 0

Adult - Tuition from Other Sources (In State) 1353 0

Adult - Tuition from Other Sources (Out of State) 1354 0

Total Tuition 267,565

TRANSPORTATION FEES 1400

Regular -Transp Fees from Pupils or Parents (In State) 1411 0

Regular - Transp Fees from Other Districts (In State) 1412 0

Regular - Transp Fees from Other Sources (In State) 1413 0

Regular - Transp Fees from Co-curricular Activities (In State) 1415 0

Regular Transp Fees from Other Sources (Out of State) 1416 0

Summer Sch - Transp. Fees from Pupils or Parents (In State) 1421 0

Summer Sch - Transp. Fees from Other Districts (In State) 1422 0

Summer Sch - Transp. Fees from Other Sources (In State) 1423 0

Summer Sch - Transp. Fees from Other Sources (Out of State) 1424 0

CTE - Transp Fees from Pupils or Parents (In State) 1431 0

Description (Enter Whole Dollars)

Printed Date: 11/03/2016




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Social Security


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52

53

54

55

56

57

58

59

60

61

6263

64

65

6667

68

69

70

71

72

73

7475

76

77

78

79

80

8182

83

84

85

86

87

88

89

90

91

9293

94

95

96

97

98

99

100

101

CTE - Transp Fees from Other Districts (In State) 1432 0

CTE - Transp Fees from Other Sources (In State) 1433 0

CTE - Transp Fees from Other Sources (Out of State) 1434 0

Special Ed - Transp Fees from Pupils or Parents (In State) 1441 0

Special Ed - Transp Fees from Other Districts (In State) 1442 232,469

Special Ed - Transp Fees from Other Sources (In State) 1443 0

Special Ed - Transp Fees from Other Sources (Out of State) 1444 0

Adult - Transp Fees from Pupils or Parents (In State) 1451 0

Adult - Transp Fees from Other Districts (In State) 1452 0

Adult - Transp Fees from Other Sources (In State) 1453 0

Adult - Transp Fees from Other Sources (Out of State) 1454 0

Total Transportation Fees 232,469

EARNINGS ON INVESTMENTS 1500

Interest on Investments 1510 25,313 46,467 13,601 3,269 1,064 289 48,245 0 0

Gain or Loss on Sale of Investments 1520 0 0 0 0 0 0 0 0 0

Total Earnings on Investments 25,313 46,467 13,601 3,269 1,064 289 48,245 0 0

FOOD SERVICE 1600

Sales to Pupils - Lunch 1611 874,820

Sales to Pupils - Breakfast 1612 0

Sales to Pupils - A la Carte 1613 0

Sales to Pupils - Other (Describe & Itemize) 1614 0

Sales to Adults 1620 0

Other Food Service (Describe & Itemize) 1690 0

Total Food Service 874,820

DISTRICT/SCHOOL ACTIVITY INCOME 1700

Admissions - Athletic 1711 95,910 0

Admissions - Other (Describe & Itemize) 1719 0 0

Fees 1720 0 0

Book Store Sales 1730 516,649 0

Other District/School Activity Revenue (Describe & Itemize) 1790 22,329 0

Total District/School Activity Income 634,888 0

TEXTBOOK INCOME 1800

Rentals - Regular Textbooks 1811 2,433,870

Rentals - Summer School Textbooks 1812 0

Rentals - Adult/Continuing Education Textbooks 1813 0

Rentals - Other (Describe & Itemize) 1819 0

Sales - Regular Textbooks 1821 36,567

Sales - Summer School Textbooks 1822 0

Sales - Adult/Continuing Education Textbooks 1823 0

Sales - Other (Describe & Itemize) 1829 0

Other (Describe & Itemize) 1890 135,649

Total Textbook Income 2,606,086

OTHER REVENUE FROM LOCAL SOURCES 1900

Rentals 1910 0 170,288

Contributions and Donations from Private Sources 1920 1,000 0 0 0 0 0 0 0 0

Impact Fees from Municipal or County Governments 1930 0 0 0 0 0 352,073 0 0 0

Services Provided Other Districts 1940 0 0 0

Refund of Prior Years' Expenditures 1950 305,475 38,769 0 0 0 0 0 0

Payments of Surplus Moneys from TIF Districts 1960 0 0 0 0 0 0 0 0 0

Drivers' Education Fees 1970 84,029





Page 11

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#Educational

Operations &


Municipal

Retirement/

Social Security


& Safety


102

103

104

105

106

107108

109

110

111

112

113

114

115

116

117

118

119

120121

122

123

124

125

126

127

128

129

130131

132

133

134

135

136

137

138

139140

141

142

143144

Proceeds from Vendors' Contracts 1980 0 0 0 0 0 0 0 0 0

School Facility Occupation Tax Proceeds 1983 0 0

Payment from Other Districts 1991 0 0 0 0 0 0

Sale of Vocational Projects 1992 0

Other Local Fees (Describe & Itemize) 1993 0 0 0 0 0 0 0 0

Other Local Revenues (Describe & Itemize) 1999 1,367,679 150,497 0 10,729 0 0 0 0 0

Total Other Revenue from Local Sources 1,758,183 359,554 0 10,729 0 352,073 0 0 0

Total Receipts/Revenues from Local Sources 1000 113,892,443 12,026,104 18,527,876 4,994,448 3,773,883 352,362 48,245 0 0

FLOW-THROUGH RECEIPTS/REVENUES FROM

ONE DISTRICT TO ANOTHER DISTRICT (2000)

Flow-through Revenue from State Sources 2100 0 0 0 0

Flow-through Revenue from Federal Sources 2200 0 0 0 0

Other Flow-Through (Describe & Itemize) 2300 0 0 0 0

Total Flow-Through Receipts/Revenues from One District to

Another District

20000 0 0 0

RECEIPTS/REVENUES FROM STATE SOURCES (3000)

UNRESTRICTED GRANTS-IN-AID (3001-3099)

General State Aid- Sec. 18-8.05 3001 6,405,138 130,000 0 0 0 0 0 0

General State Aid - Hold Harmless/Supplemental 3002 0 0 0 0 0 0 0 0

Reorganization Incentives (Accounts 3005-3021) 3005 0 0 0 0 0 0 0 0

Other Unrestricted Grants-In-Aid from State Sources


3099

0 0 0 0 0 0 0 0

Total Unrestricted Grants-In-Aid 6,405,138 130,000 0 0 0 0 0 0

RESTRICTED GRANTS-IN-AID (3100 - 3900)

SPECIAL EDUCATION

Special Education - Private Facility Tuition 3100 1,487,774 0

Special Education - Funding for Children Requiring Sp ED Services 3105 1,231,379 0

Special Education - Personnel 3110 2,278,501 0 0

Special Education - Orphanage - Individual 3120 55,877 0

Special Education - Orphanage - Summer Individual 3130 1,739 0

Special Education - Summer School 3145 20,413 0

Special Education - Other (Describe & Itemize) 3199 0 0 0

Total Special Education 5,075,683 0 0

CAREER AND TECHNICAL EDUCATION (CTE)

CTE - Technical Education - Tech Prep 3200 0 0 0

CTE - Secondary Program Improvement (CTEI) 3220 48,361 0 0

CTE - WECEP 3225 0 0 0

CTE - Agriculture Education 3235 0 0 0

CTE - Instructor Practicum 3240 0 0 0

CTE - Student Organizations 3270 0 0 0

CTE - Other (Describe & Itemize) 3299 0 0 0

Total Career and Technical Education 48,361 0 0

BILINGUAL EDUCATION

Bilingual Ed - Downstate - TPI and TBE 3305 323,799 0

Bilingual Education Downstate - Transitional Bilingual Education 3310 0 0

Total Bilingual Ed 323,799 0





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Operations &


Municipal

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Social Security


& Safety


145

146

147

148

149

150

151

152

153154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

185

186

187

188

State Free Lunch & Breakfast 3360 14,674

School Breakfast Initiative 3365 0 0 0

Driver Education 3370 98,353 0

Adult Ed (from ICCB) 3410 0 0 0 0 0 0 0 0 0

Adult Ed - Other (Describe & Itemize) 3499 0 0 0 0 0 0 0 0 0

TRANSPORTATION

Transportation - Regular and Vocational 3500 0 0 322,837 0

Transportation - Special Education 3510 0 0 2,393,829 0

Transportation - Other (Describe & Itemize) 3599 0 0 0 0

Total Transportation 0 0 2,716,666 0

Learning Improvement - Change Grants 3610 0

Scientific Literacy 3660 0 0 0 0

Truant Alternative/Optional Education 3695 0 0 0

Early Childhood - Block Grant 3705 0 0 0 0

Reading Improvement Block Grant 3715 0 0 0

Reading Improvement Block Grant - Reading Recovery 3720 0 0 0

Continued Reading Improvement Block Grant 3725 0 0 0

Continued Reading Improvement Block Grant (2% Set Aside) 3726 0 0 0

Chicago General Education Block Grant 3766 0 0 0 0

Chicago Educational Services Block Grant 3767 0 0 0 0

School Safety & Educational Improvement Block Grant 3775 0 0 0 0 0 0 0

Technology - Technology for Success 3780 0 0 0 0 0 0 0

State Charter Schools 3815 0 0

Extended Learning Opportunities - Summer Bridges 3825 0 0

Infrastructure Improvements - Planning/Construction 3920 0 0

School Infrastructure - Maintenance Projects 3925 0 0 0

Other Restricted Revenue from State Sources (Describe & Itemize) 3999 7,834 0 0 0 0 0 0 0 0

5,568,704 0 0 2,716,666 0 0 0 0 0

Total Receipts from State Sources 3000 11,973,842 130,000 0 2,716,666 0 0 0 0 0

RECEIPTS/REVENUES FROM FEDERAL SOURCES (4000)

Federal Impact Aid 4001 0 0 0 0 0 0 0 0 0

Other Unrestricted Grants-In-Aid Received Directly from the Fed Govt


4009

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

Head Start 4045 0

Construction (Impact Aid) 4050 0 0 0

MAGNET 4060 0 0 0 0 0

Other Restricted Grants-In-Aid Received Directly from the Federal Govt


4090

0 0 0 0 0 0

0 0 0 0 0 0

TITLE VI

Title VI - Innovation and Flexibility Formula 4100 0 0 0 0

Title VI - District Projects 4105 0 0 0 0

Total Restricted Grants-In-Aid

UNRESTRICTED GRANTS-IN-AID RECEIVED DIRECTLY FROM FEDERAL

GOVT (4001-4009)

RESTRICTED GRANTS-IN-AID RECEIVED FROM FEDERAL GOVT THRU

THE STATE (4100-4999)

Total Unrestricted Grants-In-Aid Received Directly

from the Federal Govt

Total Restricted Grants-In-Aid Received Directly from Federal Govt

RESTRICTED GRANTS-IN-AID RECEIVED DIRECTLY FROM FEDERAL

GOVT (4045-4090)





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Operations &


Municipal

Retirement/

Social Security


& Safety


189

190191

192

193

194

195

196

197

198

199

200201

202

203

204

205

206

207

208

209

210211

212

213

214

215216

217

218

219

220

221

222

223224

225

226

227228

229

230

231

232

233

234

235

236

237

238

239

240

Title VI - Rural Education Initiative (REI) 4107 0 0 0 0

Title V - Other (Describe & Itemize) 4199 0 0 0 0

Total Title V 0 0 0 0

FOOD SERVICE

Breakfast Start-Up Expansion 4200 0 0

National School Lunch Program 4210 1,218,255 0

Special Milk Program 4215 0 0

School Breakfast Program 4220 294,841 0

Summer Food Service Program 4225 0 0

Child Adult Care Food Program 4226 0 0

Fresh Fruits & Vegetables 4240 0

Food Service - Other (Describe & Itemize) 4299 0 0

Total Food Service 1,513,096 0

TITLE I

Title I - Low Income 4300 1,274,065 0 0 0

Title I - Low Income - Neglected, Private 4305 0 0 0 0

Title I - Comprehensive School Reform 4332 0 0 0 0

Title I - Reading First 4334 0 0 0 0

Title I - Even Start 4335 0 0 0 0

Title I - Reading First SEA Funds 4337 0 0 0 0

Title I - Migrant Education 4340 0 0 0 0

Title I - Other (Describe & Itemize) 4399 0 0 0 0

Total Title I 1,274,065 0 0 0

TITLE IV

Title IV - Safe & Drug Free Schools - Formula 4400 0 0 0 0

Title IV - 21st Century Comm Learning Centers 4421 0 0 0 0

Title IV - Other (Describe & Itemize) 4499 0 0 0 0

Total Title IV 0 0 0 0

FEDERAL - SPECIAL EDUCATION

Fed - Spec Education - Preschool Flow-Through 4600 59,581 0 0 0

Fed - Spec Education - Preschool Discretionary 4605 0 0 0 0

Fed - Spec Education - IDEA - Flow Through 4620 2,642,877 0 0 0

Fed - Spec Education - IDEA - Room & Board 4625 612,192 0 0 0

Fed - Spec Education - IDEA - Discretionary 4630 0 0 0 0

Fed - Spec Education - IDEA - Other (Describe & Itemize) 4699 0 0 0 0

Total Federal - Special Education 3,314,650 0 0 0

CTE - PERKINS

CTE - Perkins - Title IIIE - Tech Prep 4770 0 0 0

CTE - Other (Describe & Itemize) 4799 39,913 0 0

Total CTE - Perkins 39,913 0 0

Federal - Adult Education 4810 0 0 0

ARRA - General State Aid - Education Stabilization 4850 0 0 0 0 0 0 0 0

ARRA - Title I - Low Income 4851 0 0 0 0

ARRA - Title I - Neglected, Private 4852 0 0 0 0 0 0 0 0

ARRA - Title I - Delinquent, Private 4853 0 0 0 0 0 0 0 0

ARRA - Title I - School Improvement (Part A) 4854 0 0 0 0 0 0 0 0

ARRA - Title I - School Improvement (Section 1003g) 4855 0 0 0 0 0 0 0 0

ARRA - IDEA - Part B - Preschool 4856 0 0 0 0 0 0 0 0

ARRA - IDEA - Part B - Flow-Through 4857 0 0 0 0 0 0 0 0

ARRA - Title IID - Technology-Formula 4860 0 0 0 0 0 0 0 0

ARRA - Title IID - Technology-Competitive 4861 0 0 0 0 0 0 0 0

ARRA - McKinney - Vento Homeless Education 4862 0 0 0 0





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Municipal

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Social Security


& Safety


241

242

243

244

245

246

247

248

249

250

251

252

253

254

255

256

257

258259

260

261

262

263

264

265

266

267

268

269

270

271

272

273

274

275

ARRA - Child Nutrition Equipment Assistance 4863 0 0

Impact Aid Formula Grants 4864 0 0 0 0 0 0 0 0

Impact Aid Competitive Grants 4865 0 0 0 0 0 0 0 0

Qualified Zone Academy Bond Tax Credits 4866 0 0 0 0 0 0 0 0

Qualified School Construction Bond Credits 4867 0 0 0 0 0 0 0 0

Build America Bond Tax Credits 4868 0 0 0 0 0 0 0 0

Build America Bond Interest Reimbursement 4869 0 0 0 0 0 0 0 0

ARRA - General State Aid - Other Govt Services Stabilization 4870 0 0 0 0 0 0 0 0

Other ARRA Funds - II 4871 0 0 0 0 0 0 0 0

Other ARRA Funds - III 4872 0 0 0 0 0 0 0 0

Other ARRA Funds - IV 4873 0 0 0 0 0 0 0 0

Other ARRA Funds - V 4874 0 0 0 0 0 0 0 0

ARRA - Early Childhood 4875 0 0 0 0 0 0 0 0

Other ARRA Funds VII 4876 0 0 0 0 0 0 0 0

Other ARRA Funds VIII 4877 0 0 0 0 0 0 0 0

Other ARRA Funds IX 4878 0 0 0 0 0 0 0 0

Other ARRA Funds X 4879 0 0 0 0 0 0 0 0

Other ARRA Funds Ed Job Fund Program 4880 0 0 0 0 0 0 0 0

Total Stimulus Programs 0 0 0 0 0 0 0 0

Race to the Top Program 4901 0

Race to the Top - Preschool Expansion Grant 4902 0 0 0 0

Advanced Placement Fee/International Baccalaureate 4904 0 0 0

Title III - Immigrant Education Program (IEP) 4905 48,981 0 0

Title III - Language Inst Program - Limited Eng (LIPLEP) 4909 161,411 0 0

Learn & Serve America 4910 0 0 0

McKinney Education for Homeless Children 4920 0 0 0 0

Title II - Eisenhower Professional Development Formula 4930 0 0 0 0

Title II - Teacher Quality 4932 250,368 0 0 0

Federal Charter Schools 4960 0 0 0 0

Medicaid Matching Funds - Administrative Outreach 4991 399,593 0 0 0

Medicaid Matching Funds - Fee-for-Service Program 4992 830,736 0 0 0

Other Restricted Revenue from Federal Sources (Describe & Itemize) 4999 28,680 0 0 0 0 0

7,861,493 0 0 0 0 0 0 0

Total Receipts/Revenues from Federal Sources 4000 7,861,493 0 0 0 0 0 0 0 0

Total Direct Receipts/Revenues 133,727,778 12,156,104 18,527,876 7,711,114 3,773,883 352,362 48,245 0 0

Total Restricted Grants-In-Aid Received from the Federal Govt

Thru the State



Page 15 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL


Page 15

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

3233

34

35

36

37

38

39

40

4142

43

44

45

4647

48

49

50

51

5253

A B C D E F G H I J K L

(100) (200) (300) (400) (500) (600) (700) (800) (900)

Funct

#Salaries

Employee

Benefits

Purchased

Services

Supplies &

MaterialsCapital Outlay Other Objects

Non-Capitalized

Equipment

Termination

BenefitsTotal Budget

INSTRUCTION (ED) 1000

Regular Programs 1100 48,799,087 6,929,604 99,575 1,948,749 111,922 11,408 5,222 0 57,905,567 59,851,380

Tuition Payment to Charter Schools 1115 0 0 0

Pre-K Programs 1125 248,363 31,163 0 4,062 0 0 0 0 283,588 228,510

Special Education Programs (Functions 1200-1220) 1200 15,191,286 1,648,924 178,555 314,334 8,288 0 0 1,450 17,342,837 17,160,619

Special Education Programs Pre-K 1225 1,411,758 199,991 44,136 16,127 850 0 0 900 1,673,762 1,297,820

Remedial and Supplemental Programs K-12 1250 0 0 0 0 0 0 0 0 0 0

Remedial and Supplemental Programs Pre-K 1275 0 0 0 0 0 0 0 0 0 0

Adult/Continuing Education Programs 1300 0 0 0 0 0 0 0 0 0 0

CTE Programs 1400 1,616,716 202,977 16,872 54,723 1,628 415 0 0 1,893,331 1,709,545

Interscholastic Programs 1500 1,563,406 175,421 204,906 47,610 0 53,059 0 0 2,044,402 2,136,880

Summer School Programs 1600 479,997 4,434 5,685 20,284 0 0 0 0 510,400 399,940

Gifted Programs 1650 865,346 119,997 0 0 0 0 0 0 985,343 1,030,360

Driver's Education Programs 1700 417,686 63,047 8,708 2,900 0 0 0 0 492,341 495,365

Bilingual Programs 1800 4,075,103 486,900 2,277 101,747 0 0 0 0 4,666,027 4,776,284

Truant Alternative & Optional Programs 1900 0 0 0 0 0 0 0 0 0 0

Pre-K Programs - Private Tuition 1910 0 0 0

Regular K-12 Programs - Private Tuition 1911 0 0 0

Special Education Programs K-12 - Private Tuition 1912 5,408,984 5,408,984 5,185,855

Special Education Programs Pre-K - Tuition 1913 0 0 0

Remedial/Supplemental Programs K-12 - Private Tuition 1914 0 0 0

Remedial/Supplemental Programs Pre-K - Private Tuition 1915 0 0 0

Adult/Continuing Education Programs - Private Tuition 1916 0 0 0

CTE Programs - Private Tuition 1917 0 0 0

Interscholastic Programs - Private Tuition 1918 0 0 0

Summer School Programs - Private Tuition 1919 0 0 0

Gifted Programs - Private Tuition 1920 0 0 0

Bilingual Programs - Private Tuition 1921 0 0 0

Truants Alternative/Optional Ed Progms - Private Tuition 1922 0 0 0

Total Instruction 10 1000 74,668,748 9,862,458 560,714 2,510,536 122,688 5,473,866 5,222 2,350 93,206,582 94,272,558

SUPPORT SERVICES (ED) 2000

SUPPORT SERVICES - PUPILS

Attendance & Social Work Services 2110 2,285,205 261,774 700 13,763 0 0 0 0 2,561,442 2,610,670

Guidance Services 2120 2,205,277 251,203 13,045 865 0 0 0 0 2,470,390 2,550,120

Health Services 2130 1,661,227 213,023 257,337 35,099 931 0 0 0 2,167,617 2,077,404

Psychological Services 2140 2,149,594 269,874 2,000 67,432 0 0 0 0 2,488,900 2,573,009

Speech Pathology & Audiology Services 2150 2,453,935 349,096 7,201 22,974 65,521 0 0 0 2,898,727 2,946,787

Other Support Services - Pupils (Describe & Itemize) 2190 20,320 1,067 202,727 79,903 15,042 1,782 0 0 320,841 317,060

Total Support Services - Pupils 2100 10,775,558 1,346,037 483,010 220,036 81,494 1,782 0 0 12,907,917 13,075,050

SUPPORT SERVICES - INSTRUCTIONAL STAFF

Improvement of Instruction Services 2210 1,647,221 375,506 210,818 12,308 0 4,324 0 643 2,250,820 2,404,377

Educational Media Services 2220 1,517,889 205,198 173 142,411 500 0 0 0 1,866,171 1,861,820

Assessment & Testing 2230 14,278 0 108,179 143,444 0 0 0 0 265,901 475,796

Total Support Services - Instructional Staff 2200 3,179,388 580,704 319,170 298,163 500 4,324 0 643 4,382,892 4,741,993

SUPPORT SERVICES - GENERAL ADMINISTRATION

Board of Education Services 2310 0 0 81,832 804 0 11,660 0 0 94,296 124,200

Executive Administration Services 2320 320,607 78,959 12,194 882 0 8,652 0 0 421,294 429,110

Special Area Administration Services 2330 1,085,247 256,773 15,064 2,760 0 0 0 1,500 1,361,344 1,363,390

Tort Immunity Services2360 -

2370 0 0 0 0 0 0 0 0 0 0

Total Support Services - General Administration 2300 1,405,854 335,732 109,090 4,446 0 20,312 0 1,500 1,876,934 1,916,700


10 - EDUCATIONAL FUND (ED)





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Equipment

Termination



54

55

5657

58

59

60

61

62

63

6465

66

67

68

69

70

7172

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

SUPPORT SERVICES - SCHOOL ADMINISTRATION

Office of the Principal Services 2410 7,426,043 1,627,668 33,270 52,001 2,119 6,735 0 21,883 9,169,719 9,320,708

Other Support Services - School Admin (Describe & Itemize) 2490 0 0 0 0 0 0 0 0 0 0

Total Support Services - School Administration 2400 7,426,043 1,627,668 33,270 52,001 2,119 6,735 0 21,883 9,169,719 9,320,708

SUPPORT SERVICES - BUSINESS

Direction of Business Support Services 2510 523,351 124,499 59,506 11,490 0 544 0 95 719,485 744,138

Fiscal Services 2520 104,703 34,732 1,064 0 0 0 0 0 140,499 143,120

Operation & Maintenance of Plant Services 2540 0 1,589 245,976 0 2,006 0 0 0 249,571 235,000

Pupil Transportation Services 2550 10,575 1,052 37,425 0 0 0 0 0 49,052 31,035

Food Services 2560 140,810 2,861 1,961,274 26,355 15,675 0 0 0 2,146,975 2,479,840

Internal Services 2570 0 0 3,637 114,053 0 0 0 0 117,690 151,904

Total Support Services - Business 2500 779,439 164,733 2,308,882 151,898 17,681 544 0 95 3,423,272 3,785,037

SUPPORT SERVICES - CENTRAL

Direction of Central Support Services 2610 0 0 0 0 0 0 0 0 0 0

Planning, Research, Development, & Evaluation Services 2620 59,157 19,497 0 0 0 0 0 0 78,654 74,600

Information Services 2630 267,386 63,788 266,628 19,892 0 6,014 0 0 623,708 657,220

Staff Services 2640 432,484 133,953 33,761 38,451 0 1,130 0 0 639,779 696,390

Data Processing Services 2660 1,018,108 168,086 903,005 723,526 116,365 0 0 1,501 2,930,591 3,394,025

Total Support Services - Central 2600 1,777,135 385,324 1,203,394 781,869 116,365 7,144 0 1,501 4,272,732 4,822,235

Other Support Services (Describe & Itemize) 2900 0 0 1,253,907 0 0 0 0 0 1,253,907 1,426,900

Total Support Services 2000 25,343,417 4,440,198 5,710,723 1,508,413 218,159 40,841 0 25,622 37,287,373 39,088,623

COMMUNITY SERVICES (ED) 3000 597,310 63,342 66,468 116,325 554 0 0 0 843,999 896,379

PAYMENTS TO OTHER DISTRICTS & GOVT UNITS (ED) 4000

PAYMENTS TO OTHER GOVT UNITS (IN-STATE)

Payments for Regular Programs 4110 5,130 12,296 17,426 19,000

Payments for Special Education Programs 4120 2,250 0 2,250 0

Payments for Adult/Continuing Education Programs 4130 0 0 0 0

Payments for CTE Programs 4140 0 0 0 0

Payments for Community College Programs 4170 0 0 0 0

Other Payments to In-State Govt. Units (Describe & Itemize) 4190 0 24,020 24,020 0

Total Payments to Other Govt Units (In-State) 4100 7,380 36,316 43,696 19,000

Payments for Regular Programs - Tuition 4210 0 0 0

Payments for Special Education Programs - Tuition 4220 778,292 778,292 800,000

Payments for Adult/Continuing Education Programs - Tuition 4230 0 0 0

Payments for CTE Programs - Tuition 4240 575,077 575,077 790,500

Payments for Community College Programs - Tuition 4270 0 0 0

Payments for Other Programs - Tuition 4280 0 0 0

Other Payments to In-State Govt Units 4290 0 0 0

Total Payments to Other Govt Units -Tuition (In State) 42001,353,369 1,353,369 1,590,500

Payments for Regular Programs - Transfers 4310 0 0 0

Payments for Special Education Programs - Transfers 4320 0 0 0

Payments for Adult/Continuing Ed Programs-Transfers 4330 0 0 0





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96

97

98

99

100

101

102

103

104

105

106

107

108

109110

111

112

113

114

115116

117

118

119120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135136

137

138

139

140

141

142

Payments for CTE Programs - Transfers 4340 0 0 0

Payments for Community College Program - Transfers 4370 0 0 0

Payments for Other Programs - Transfers 4380 0 0 0

Other Payments to In-State Govt Units - Transfers 4390 0 0 0 0

Total Payments to Other Govt Units -Transfers (In-State)4300

0 0 0 0

Payments to Other Govt Units (Out-of-State) 4400 0 0 0 0

Total Payments to Other Govt Units 4000 7,380 1,389,685 1,397,065 1,609,500

DEBT SERVICES (ED) 5000

DEBT SERVICES - INTEREST ON SHORT-TERM DEBT

Tax Anticipation Warrants 5110 0 0 0

Tax Anticipation Notes 5120 0 0 0

Corporate Personal Prop. Repl. Tax Anticipation Notes 5130 0 0 0

State Aid Anticipation Certificates 5140 0 0 0

Other Interest on Short-Term Debt 5150 0 0 0

Total Interest on Short-Term Debt 5100 0 0 0

Debt Services - Interest on Long-Term Debt 5200 0 0 0

Total Debt Services 5000 0 0 0

PROVISIONS FOR CONTINGENCIES (ED) 6000 0

Total Direct Disbursements/Expenditures 100,609,475 14,365,998 6,345,285 4,135,274 341,401 6,904,392 5,222 27,972 132,735,019 135,867,060

Excess (Deficiency) of Receipts/Revenues Over

Disbursements/Expenditures 992,759

SUPPORT SERVICES (O&M) 2000


Other Support Services - Pupils (Describe & Itemize) 2190 0 0 0 0 0 0 0 0 0 0


Direction of Business Support Services 2510 0 0 0 0 0 0 0 0 0 0

Facilities Acquisition & Construction Services 2530 0 0 0 0 0 0 0 0 0 0

Operation & Maintenance of Plant Services 2540 2,261,693 950,091 4,727,181 2,971,240 455,328 1,894 0 2,355 11,369,782 12,082,500

Pupil Transportation Services 2550 0 0 0 0 0 0 0 0 0 0

Food Services 2560 0 0 0 0

Total Support Services - Business 2500 2,261,693 950,091 4,727,181 2,971,240 455,328 1,894 0 2,355 11,369,782 12,082,500

Other Support Services (Describe & Itemize) 2900 0 0 0 0 0 0 0 0 0 0

Total Support Services 2000 2,261,693 950,091 4,727,181 2,971,240 455,328 1,894 0 2,355 11,369,782 12,082,500

COMMUNITY SERVICES (O&M) 3000 0 0 0 0 0 0 0 0 0 0

PAYMENTS TO OTHER DIST & GOVT UNITS (O&M) 4000


Payments for Special Education Programs 4120 0 0 0 0


Other Payments to In-State Govt. Units


4190

0 0 0 0

Total Payments to Other Govt. Units (In-State) 4100 0 0 0 0

Payments to Other Govt. Units (Out of State) 4400 0 0 0

Total Payments to Other Govt Units 4000 0 0 0 0

DEBT SERVICES (O&M) 5000




20 - OPERATIONS & MAINTENANCE FUND (O&M)





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Equipment

Termination



143

144

145146

147148

149

150

151152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169170

171

172

173174

175176

177

178

179

180

181

182

183

184

185

186

187188



Other Interest on Short-Term Debt (Describe & Itemize) 5150 0 0 0

Total Debt Service - Interest on Short-Term Debt 5100 0 0 0

DEBT SERVICE - INTERST ON LONG-TERM DEBT 5200 0 0 0


PROVISIONS FOR CONTINGENCIES (O&M) 6000 0

2,261,693 950,091 4,727,181 2,971,240 455,328 1,894 0 2,355 11,369,782 12,082,500

786,322

PAYMENTS TO OTHER DIST & GOVT UNITS (DS) 4000 0 0 0

DEBT SERVICES (DS) 5000







Total Debt Services - Interest On Short-Term Debt 5100 0 0 0

DEBT SERVICES - INTEREST ON LONG-TERM DEBT 5200 7,334,544 7,334,544 7,818,850

DEBT SERVICES - PAYMENTS OF PRINCIPAL ON LONG-TERM

DEBT (Lease/Purchase Principal Retired) 11

5300

10,977,523 10,977,523 10,505,000

DEBT SERVICES - OTHER (Describe & Itemize) 5400 0 54,395 54,395 49,620

Total Debt Services 5000 0 18,366,462 18,366,462 18,373,470

PROVISION FOR CONTINGENCIES (DS) 6000 0

Total Disbursements/ Expenditures 0 18,366,462 18,366,462 18,373,470


Disbursements/Expenditures 161,414

40 - TRANSPORTATION FUND (TR)

SUPPORT SERVICES (TR)


Other Support Services - Pupils (Describe & Itemize) 2190 0 0 0 0 0 0 0 0 0 0


Pupil Transportation Services 2550 66,322 19,092 7,876,239 1,251 0 4,213 0 0 7,967,117 8,353,500


Total Support Services 2000 66,322 19,092 7,876,239 1,251 0 4,213 0 0 7,967,117 8,353,500

COMMUNITY SERVICES (TR) 3000 0 0 0 0 0 0 0 0 0 0

PAYMENTS TO OTHER DIST & GOVT UNITS (TR) 4000


Payments for Regular Programs 4110 0 0 0 0


Payments for Adult/Continuing Education Programs 4130 0 0 0 0


Payments for Community College Programs 4170 0 0 0 0

Other Payments to In-State Govt. Units (Describe

& Itemize)

4190

0 0 0 0

Total Payments to Other Govt. Units (In-State) 4100 0 0 0 0

30 - DEBT SERVICES (DS)

Total Direct Disbursements/Expenditures

Excess (Deficiency) of Receipts/Revenues/Over Disbursements/

Expenditures





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Equipment

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189

190

191

192

193

194

195

196

197

198

199

200

201

202

203

204

205206

207

208

209

210

211

212

213

214

215

216

217

218

219

220

221

222223

224

225

226

227

228

229

230

231232

233

234

235

236237

PAYMENTS TO OTHER GOVT UNITS (OUT-OF-STATE) 4400 0 0 0 0


DEBT SERVICES (TR) 5000

DEBT SERVICE - INTEREST ON SHORT-TERM DEBT






Total Debt Services - Interest On Short-Term Debt 5100 0 0 0

DEBT SERVICES - INTEREST ON LONG-TERM DEBT 5200 0 0 0

DEBT SERVICE - PAYMENTS OF PRINCIPAL ON LONG-TERM

DEBT (Lease/Purchase Principal Retired) 11

5300

0 0 0

DEBT SERVICES - OTHER (Describe & Itemize) 5400 0 0 0


PROVISION FOR CONTINGENCIES (TR) 6000 0

Total Disbursements/ Expenditures 66,322 19,092 7,876,239 1,251 0 4,213 0 0 7,967,117 8,353,500


Disbursements/Expenditures (256,003)

INSTRUCTION (MR/SS) 1000

Regular Programs 1100 725,447 725,447 705,690

Pre-K Programs 1125 3,370 3,370 2,620

Special Education Programs (Functions 1200-1220) 1200 1,124,833 1,124,833 1,174,080

Special Education Programs - Pre-K 1225 133,086 133,086 72,690

Remedial and Supplemental Programs - K-12 1250 0 0 0

Remedial and Supplemental Programs - Pre-K 1275 0 0 0

Adult/Continuing Education Programs 1300 0 0 0

CTE Programs 1400 20,190 20,190 17,520

Interscholastic Programs 1500 44,902 44,902 41,150

Summer School Programs 1600 23,654 23,654 22,480

Gifted Programs 1650 11,657 11,657 11,070

Driver's Education Programs 1700 5,710 5,710 5,260

Bilingual Programs 1800 59,372 59,372 57,830

Truants' Alternative & Optional Programs 1900 0 0 0

Total Instruction 1000 2,152,221 2,152,221 2,110,390

SUPPORT SERVICES (MR/SS) 2000


Attendance & Social Work Services 2110 30,022 30,022 28,180

Guidance Services 2120 29,213 29,213 27,050

Health Services 2130 109,152 109,152 104,280

Psychological Services 2140 29,780 29,780 29,110

Speech Pathology & Audiology Services 2150 31,869 31,869 29,600

Other Support Services - Pupils (Describe & Itemize) 2190 61,919 61,919 1,195

Total Support Services - Pupils 2100 291,955 291,955 219,415

SUPPORT SERVICES - INSTRUCTIONAL STAFF

Improvement of Instruction Services 2210 53,421 53,421 53,870

Educational Media Services 2220 30,859 30,859 28,900

Assessment & Testing 2230 315 315 355

Total Support Services - Instructional Staff 2200 84,595 84,595 83,125

50 - MUNICIPAL RETIREMENT/SOCIAL SECURITY FUND

(MR/SS)





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Equipment

Termination



238

239

240

241

242

243

244

245

246

247

248

249

250251

252

253

254255

256

257

258

259

260

261

262

263264

265

266

267268

269

270271

272

273

274

275

276

277278

279

280

281

282

283


Board of Education Services 2310 0 0 0

Executive Administration Services 2320 9,204 9,204 8,540

Service Area Administrative Services 2330 12,146 12,146 81,110

Claims Paid from Self Insurance Fund 2361 0 0 0

Workers' Compensation or Workers' Occupation Disease Acts

Payments

2362

0 0 0

Unemployment Insurance Payments 2363 0 0 0

Insurance Payments (Regular or Self-Insurance) 2364 0 0 0

Risk Management and Claims Services Payments 2365 0 0 0

Judgment and Settlements 2366 0 0 0

Educational, Inspectional, Supervisory Services Related to Loss

Prevention or Reduction

2367

0 0 0

Reciprocal Insurance Payments 2368 0 0 0

Legal Services 2369 0 0 0

Total Support Services - General Administration 2300 21,350 21,350 89,650

SUPPORT SERVICES - SCHOOL ADMINISTRATION

Office of the Principal Services 2410 456,999 456,999 461,290

Other Support Services - School Administration


2490

0 0 0

Total Support Services - School Administration 2400 456,999 456,999 461,290


Direction of Business Support Services 2510 54,413 54,413 55,540

Fiscal Services 2520 7,755 7,755 7,640

Facilities Acquisition & Construction Services 2530 0 0 0

Operation & Maintenance of Plant Services 2540 366,985 366,985 381,205

Pupil Transportation Services 2550 4,810 4,810 4,580

Food Services 2560 12,747 12,747 14,600

Internal Services 2570 0 0 0

Total Support Services - Business 2500 446,710 446,710 463,565

SUPPORT SERVICES - CENTRAL

Direction of Central Support Services 2610 0 0 0

Planning, Research, Development, & Evaluation Services2620

839 839 780

Information Services 2630 13,275 13,275 12,350

Staff Services 2640 58,289 58,289 61,690

Data Processing Services 2660 163,025 163,025 163,870

Total Support Services - Central 2600 235,428 235,428 238,690

Other Support Services (Describe & Itemize) 2900 307 307 0

Total Support Services 2000 1,537,344 1,537,344 1,555,735

COMMUNITY SERVICES (MR/SS) 3000 94,803 94,803 94,375

PAYMENTS TO OTHER DIST & GOVT UNITS (MR/SS) 4000

Payments for Special Education Programs 4120 0 0 0

Payments for CTE Programs 4140 0 0 0

Total Payments to Other Govt Units 4000 0 0 0

DEBT SERVICES (MR/SS) 5000

DEBT SERVICE - INTEREST ON SHORT-TERM DEBT








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Equipment

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284

285286

287

288

289290

291

292

293

294

295

296

297

298

299

300

301

302303

304

305

306307

308309

310

311

312

313

314

315

316

317

318

319

320

321

322323

324

325

326

327


Other (Describe & Itemize) 5150 0 0 0

Total Debt Services - Interest 5000 0 0 0

PROVISION FOR CONTINGENCIES (MR/SS) 6000 0

3,784,368 0 3,784,368 3,760,500


Disbursements/Expenditures (10,485)

SUPPORT SERVICES (CP) 2000


Facilities Acquisition and Construction Services 2530 0 0 0 0 825,157 0 0 0 825,157 810,000


Total Support Services 2000 0 0 0 0 825,157 0 0 0 825,157 810,000

PAYMENTS TO OTHER DIST & GOVT UNITS (CP) 4000

PAYMENTS TO OTHER GOVT UNITS (In-State)

Payments to Other Govt Units (In-State) 4100 0 0 0 0



Other Payments to In-State Govt. Units (Describe & Itemize) 4190 0 0 0 0


PROVISION FOR CONTINGENCIES (S&C/CI) 6000 0

0 0 0 0 825,157 0 0 0 825,157 810,000

(472,795)


Claims Paid from Self Insurance Fund 2361 0 0 0 0 0 0 0 0 0 0

Workers' Compensation or Workers' Occupation Disease Acts

Payments

2362

0 0 0 0 0 0 0 0 0 0

Unemployment Insurance Payments 2363 0 0 0 0 0 0 0 0 0 0

Insurance Payments (Regular or Self-Insurance) 2364 0 0 0 0 0 0 0 0 0 0

Risk Management and Claims Services Payments 2365 0 0 0 0 0 0 0 0 0 0

Judgment and Settlements 2366 0 0 0 0 0 0 0 0 0 0

Educational, Inspectional, Supervisory Services Related to Loss

Prevention or Reduction

2367

0 0 0 0 0 0 0 0 0 0

Reciprocal Insurance Payments 2368 0 0 0 0 0 0 0 0 0 0

Legal Services 2369 0 0 0 0 0 0 0 0 0 0

Property Insurance (Buildings & Grounds) 2371 0 0 0 0 0 0 0 0 0 0

Vehicle Insurance (Transporation) 2372 0 0 0 0 0 0 0 0 0 0

Total Support Services - General Administration 2000 0 0 0 0 0 0 0 0 0 0

DEBT SERVICES (TF) 5000




60 - CAPITAL PROJECTS (CP)


Disbursements/Expenditures

Total Disbursements/ Expenditures

Total Disbursements/Expenditures

70 - WORKING CASH (WC)

80 - TORT FUND (TF)





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Termination



328

329

330

331

332333

334

335

336

337

338339

340341

342

343

344

345

346

347

348349

350

351352

353

354

355

Other Interest or Short-Term Debt 5150 0 0 0

Total Debt Services - Interest on Short-Term Debt 5000 0 0 0

PROVISIONS FOR CONTINGENCIES (TF) 6000 0

Total Disbursements/Expenditures 0 0 0 0 0 0 0 0 0 0

0

SUPPORT SERVICES (FP&S) 2000


Facilities Acquisition & Construction Services 2530 0 0 0 0 0 0 0 0 0 0

Operation & Maintenance of Plant Services 2540 0 0 0 0 0 0 0 0 0 0

Total Support Services - Business 2500 0 0 0 0 0 0 0 0 0 0


Total Support Services 2000 0 0 0 0 0 0 0 0 0 0

PAYMENTS TO OTHER DIST & GOVT UNITS (FP&S) 4000

Other Payments to In-State Govt. Units


4190

0 0 0

Total Payments to Other Govt Units 4000 0 0 0

DEBT SERVICES (FP&S) 5000

DEBT SERVICES- INTEREST ON SHORT-TERM DEBT



Total Debt Service - Interest on Short-Term Debt 5100 0 0 0

DEBT SERVICES - INTEREST ON LONG-TERM DEBT 5200 0 0 0

Debt Service - Payments of Principal on Long-Term Debt 15

(Lease/Purchase Principal Retired)

5300

0 0 0

Total Debt Service 5000 0 0 0

PROVISION FOR CONTINGENCIES (FP&S) 6000 0

Total Disbursements/Expenditures 0 0 0 0 0 0 0 0 0 0


Disbursements/Expenditures 0

90 - FIRE PREVENTION & SAFETY FUND (FP&S)


Disbursements/Expenditures



Page 23

FEDERAL STIMULUS - AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) of 2009

(Detailed Schedule of Receipts and Disbursements)

Page 23

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2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37383940414243

444546

47

48

49

50

51

52

53

54

55

56


----RECEIPTS----

(100) (200) (300) (400) (500) (600) (700) (800) (900)

ARRA Revenue Source CodeAcct

#ARRA Receipts Salaries

Employee

Benefits

Purchased

Services

Supplies &

MaterialsCapital Outlay Other

Non-Capitalized

Equipment

Termination

Benefits

Total

Expenditures

Beginning Balance July 1, 2015

ARRA - General State Aid 4850 0 0

ARRA - Title I Low Income 4851 0 0

ARRA - Title I Neglected - Private 4852 0 0

ARRA - Title I Delinquent - Private 4853 0 0

ARRA - Title I School Improvement (Part A) 4854 0 0

ARRA - Title I School Improvement (Section 1003g) 4855 0 0

ARRA - IDEA Part B Preschool 4856 0 0

ARRA - IDEA Part B Flow Through 4857 0 0

ARRA - Title II D Technology Formula 4860 0 0

ARRA - Title II D Technology Competitive 4861 0 0

ARRA - McKenney - Vento Homeless Education 4862 0 0

ARRA - Child Nutrition Equipment Assistance 4863 0 0

Impact Aid Construction Formula 4864 0 0

Impact Aid Construction Competitive 4865 0 0

QZAB Tax Credits 4866 0 0

QSCB Tax Credits 4867 0 0

Build America Bonds Tax Credits 4868 0 0

Build America Bonds Interest Reimbursement 4869 0 0

ARRA - General State Aid - Other Govt Services Stabilization 4870 0 0

ARRA - Other II 4871 0 0

ARRA - Other III 4872 0 0

ARRA - Other IV 4873 0 0

ARRA - Other V 4874 0 0

ARRA - Early Childhood 4875 0 0

ARRA - Other VII 4876 0 0

ARRA - Other VIII 4877 0 0

ARRA - Other IX 4878 0 0

ARRA - Other X 4879 0 0

ARRA - Other XI 4880 0 0

Total ARRA Programs 0 0 0 0 0 0 0 0 0

Ending Balance June 30, 2016 0

1. Were any funds from the State Fiscal Stabilization Fund Program (SFSF) General State-Aid Accounts 4850, line 5 & 4870, line 23

used for the following non-allowable purposes:

Payments of maintenance costs;

Stadiums or other facilities used for athletic contests, exhibitions or other events for which admission is charged to the general public;

Purchase or upgrade of vehicles;

Improvements of stand-alone facilities whose purpose is not the education of children such as central office administrative buildings;

Financial assistance to students to attend private elementary or secondary schools unless the funds are used to provide special

education and related services to children with disabilities as authorized by the IDEA Act;

School modernization, renovation, or repair that is inconsistent with State Law.

2. If any above boxes are checked provide the total amount

of questioned costs and provide an explanation below:

-------------------------------------------------------------------------------------------DISBURSEMENTS------------------------------------------------------------------------------------District's Accounting Basis is ACCRUAL

Print Date: Community Unit SD 200 16 AFR STATE np.xlsm

11/03/2016

Page 24 Page 24

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12

13

14

15

16

17

18

19

20

21

22

A B C D E F

SCHEDULE OF AD VALOREM TAX RECEIPTS

Taxes Received

7-1-15 Thru 6-30-16

(from 2014 Levy &

Prior Levies) *

Taxes Received

(from the 2015 Levy)

Taxes Received

(from 2014 & Prior

Levies)

Total Estimated Taxes


Estimated Taxes Due


(Column B - C) (Column E - C)

Educational 104,027,102 52,203,394 51,823,708 104,691,815 52,488,421

Operations & Maintenance 11,620,083 5,891,721 5,728,362 11,815,612 5,923,891

Debt Services ** 18,514,275 9,376,058 9,138,217 18,803,309 9,427,251

Transportation 4,747,981 2,425,197 2,322,784 4,863,636 2,438,439

Municipal Retirement 892,788 493,260 399,528 989,214 495,954

Capital Improvements 0 0 0

Working Cash 0 0 0

Tort Immunity 0 0 0

Fire Prevention & Safety 0 0 0

Leasing Levy 0 0 0

Special Education 2,183,376 1,233,151 950,225 2,473,035 1,239,884

Area Vocational Construction 0 0 0

Social Security/Medicare Only 2,605,031 1,144,090 1,460,941 2,294,427 1,150,337

Summer School 0 0 0

Other (Describe & Itemize) 0 0 0

Totals 144,590,636 72,766,871 71,823,765 145,931,048 73,164,177

* The formulas in column B are unprotected to be overidden when reporting on a ACCRUAL basis.

** All tax receipts for debt service payments on bonds must be recorded on line 6 (Debt Services).




Page 25 Page 25

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56

7

8

9

10

11

12

13

14

15

1617

18

19

20

21

22

23

24

25

26

2728

29

303132333435

36373839404142

434445464748

4950

5152535455

A B C D E F G H I J

Outstanding

Beginning 07/01/15

Issued 07/01/15

Through 06/30/16

Retired 07/01/15

Through 06/30/16

Outstanding

Ending 06/30/16

0 0 0 0

Educational Fund 0 0 0 0

Operations & Maintenance Fund 0 0 0 0

Debt Services - Construction 0 0 0 0

Debt Services - Working Cash 0 0 0 0

Debt Services - Refunding Bonds 0 0 0 0

Transportation Fund 0 0 0 0

Municipal Retirement/Social Security Fund 0 0 0 0

Fire Prevention & Safety Fund 0 0 0 0

Other - (Describe & Itemize) 0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

Identification or Name of IssueDate of Issue

(mm/dd/yy)

Amount of Original

IssueType of Issue *

Outstanding

Beginning 07/1/15

Issued 7/1/15 thru

6/30/16

Any differences

described and

itemized

Retired 7/1/15 thru

6/30/16

Outstanding

Ending 6/30/16

Amount to be

Provided for

Payment on Long-

Term Debt

2003A 05/15/03 1,715,000 3 400,000 0 0 400,000 0 0

2004A 09/01/04 17,665,000 3 1,600,000 0 0 1,600,000 0 0

2005. 04/01/05 15,285,000 3 8,390,000 0 (5,940,000) 2,450,000 0 0

2006. 02/01/06 41,665,000 3 37,225,000 0 0 1,130,000 36,095,000 33,601,459

2008A 03/31/08 71,585,000 3, 6 41,645,000 0 0 815,000 40,830,000 38,009,352

2009A 05/01/09 8,740,000 1, 3 8,740,000 0 0 2,225,000 6,515,000 6,064,926

2009B 05/01/09 5,165,000 1, 3 5,165,000 0 0 5,165,000 4,808,188

2009C 05/01/09 8,130,000 3 7,120,000 0 0 1,885,000 5,235,000 4,873,352

2009D 05/01/09 43,515,000 1, 3 43,515,000 0 0 43,515,000 40,508,865

2012. 05/09/12 10,555,000 3, 6 10,350,000 0 0 10,350,000 9,634,994

2014. 03/26/14 9,540,000 1 9,540,000 0 0 9,540,000 8,880,951

2015. 08/04/15 6,140,000 3 6,140,000 0 250,000 5,890,000 5,483,103

0 0

2013 Capital Lease 08/01/12 1,446,040 7 917,930 0 0 222,523 695,407 647,366

0 0

0 0

0 0

0 0

241,146,040 174,607,930 6,140,000 (5,940,000) 10,977,523 163,830,407 152,512,555

* Each type of debt issued must be identified separately with the amount:

1. Working Cash Fund Bonds 7. Other

2. Funding Bonds 5. Tort Judgment Bonds 8. Other

3. Refunding Bonds 6. Building Bonds 9. Other

OTHER SHORT-TERM BORROWING

Total Other Short-Term Borrowing (Describe & Itemize)

SCHEDULE OF SHORT-TERM DEBT

TAX ANTICIPATION NOTES (TAN)


Total CPPRT Notes

TAX ANTICIPATION WARRANTS (TAW)

Total TAWs

CORPORATE PERSONAL PROPERTY REPLACEMENT TAX

ANTICIPATION NOTES (CPPRT)

4. Fire Prevent, Safety, Environmental and Energy Bonds Capital Lease

Educational Fund

Operations & Maintenance Fund

Fire Prevention & Safety Fund

Other - (Describe & Itemize)

Total TANs

TEACHERS'/EMPLOYEES' ORDERS (T/EO)

Total T/EOs (Educational, Operations & Maintenance, &

Transportation Funds)

SCHEDULE OF LONG-TERM DEBT

GENERAL STATE-AID ANTICIPATION CERTIFICATES (GSAAC)

Total GSAACs (All Funds)



Page 26 Schedule of Restricted Local Tax Levies and Selected Revenues Sources

Schedule of Tort Immunity Expenditures

Page 26

1

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4

5

6

7

8

9

10

1112

13

14

15

16

17

18

19

2021

2223

24

25

2627

2829

30

31

323334

35

36

37

38

39

40

41

42

43

4445

46

47

48


Account No Tort Immunity a Special Education

Area Vocational

Construction

School Facility

Occupation

Taxes b

Driver Education

10, 20, 40 or 50-1100 2,183,376

Earnings on Investments 10, 20, 40, 50 or 60-1500

Drivers' Education Fees 10-1970 84,029

School Facility Occupation Tax Proceeds 30 or 60-1983

Driver Education 10 or 20-3370 98,353

--

10, 20, 40 or 60-7200

Total Receipts 0 2,183,376 0 0 182,382

10 or 50-1000 2,183,376 182,382

20 or 60-2530

10, 20, 40-2360-2370

DEBT SERVICE

30-5200

30-5300

30-5400

Total Debt Services 0

--

Total Disbursements 0 2,183,376 0 0 182,382

Ending Cash Basis Fund Balance as of June 30, 2016 0 0 0 0 0

Reserved Fund Balance 714

Unreserved Fund Balance 730 0 0 0 0 0

SCHEDULE OF TORT IMMUNITY EXPENDITURES a

Yes No Has the entity established an insurance reserve pursuant to 745 ILCS 10/9-103?

If yes, list in the aggregate the following: Total Claims Payments:

Total Reserve Remaining: Using the following categories, list all other Tort Immunity expenditures not

included in line 30 above. Include the total dollar amount for each category.

Expenditures:

Workers' Compensation Act and/or Workers' Occupational Disease Act

Unemployment Insurance Act

Insurance (Regular or Self-Insurance)

Risk Management and Claims Service

Judgments/Settlements

Reciprocal Insurance Payments (Insurance Code 72, 76, and 81)

Legal Services

Principal and Interest on Tort Bonds

a Schedules for Tort Immunity are to be completed only if expenditures have been reported in any fund other than the Tort Immunity Fund (80) during the fiscal year as a result of existing (restricted) fund balances

in those other funds that are being spent down. Cell G6 above should include interest earnings only from these restricted tort immunity monies and only if reported in a fund other than Tort Immunity Fund (80).

b 55 ILCS 5/5-1006.7

Educational, Inspectional, Supervisory Services Related to Loss Prevention and/or Reduction


Cash Basis Fund Balance as of July 1, 2015

RECEIPTS:

DISBURSEMENTS:

Debt Services - Interest on Long-Term Debt

SCHEDULE OF RESTRICTED LOCAL TAX LEVIES AND SELECTED REVENUE SOURCES

Ad Valorem Taxes Received by District

Sale of Bonds

Other Receipts (Describe & Itemize on tab "Itemization 32")

Instruction

Facilities Acquisition & Construction Services

Tort Immunity Services

Other Disbursements (Describe & Itemize on tab "Itemization 32")

Debt Services - Payments of Principal on Long-Term Debt

(Lease/Purchase Principal Retired)

Debt Services Other (Describe & Itemize on tab "Itemization 32")



Page 27 Page 27

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18


Schedule of Capital Outlay and Depreciation

Description of Assets (Enter Whole Dollars)

Acct

#

Cost

Beginning

7/1/15

Add:

Additions

2015-2016

Less:

Deletions

2015-2016

Cost Ending

6/30/16

Life In

Years

Accumulated

Depreciation

Beginning

7/1/15

Add:

Depreciation

Allowable

2015-2016

Less:

Depreciation

Deletions

2015-2016

Accumulated

Depreciation

Ending

6/30/16

Ending Balance

Undepreciated

6/30/16

Works of Art & Historical Treasures 210 0 0 0

Land 220

Non-Depreciable Land 221 8,098,223 8,098,223 8,098,223

Depreciable Land 222 0 50 0 0

Buildings 230

Permanent Buildings 231 310,237,364 359,183 0 310,596,547 50 124,540,340 6,899,754 0 131,440,094 179,156,453

Temporary Buildings 232 0 20 0 0

Improvements Other than Buildings

(Infrastructure)240

8,419,831 814,519 343,950 8,890,40020

4,378,843 461,718 343,9504,496,611 4,393,789


10 Yr Schedule 251 520,622 0 0 520,622 10 479,427 13,902 0 493,329 27,293

5 Yr Schedule 252 21,633,374 514,436 8,429,578 13,718,232 5 19,149,881 1,301,808 8,429,578 12,022,111 1,696,121

3 Yr Schedule 253 0 3 0 0

Construction in Progress 260 138,374 34,502 138,374 34,502 -- 34,502

Total Capital Assets 200 349,047,788 1,722,640 8,911,902 341,858,526 148,548,491 8,677,182 8,773,528 148,452,145 193,406,381

Non-Capitalized Equipment 700 5,222 10 522

Allowable Depreciation 8,677,704



Page 28 Page 28

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5

6

7891011

121314

151617181920

212223242526272829

303132333435363738

39404142434445464748

495051525354555657

585960616263646566

67686970717273747576

7778

79

A B C D E F G

Fund Sheet, Row ACCOUNT NO - TITLE Amount

EXPENDITURES:

ED Expenditures 15-22, L114 Total Expenditures $ 132,735,019

O&M Expenditures 15-22, L150 Total Expenditures 11,369,782

DS Expenditures 15-22, L168 Total Expenditures 18,366,462

TR Expenditures 15-22, L204 Total Expenditures 7,967,117

MR/SS Expenditures 15-22, L288 Total Expenditures 3,784,368

TORT Expenditures 15-22, L331 Total Expenditures 0

Total Expenditures $ 174,222,748

LESS RECEIPTS/REVENUES OR DISBURSEMENTS/EXPENDITURES NOT APPLICABLE TO THE REGULAR K-12 PROGRAM:

TR Revenues 9-14, L43, Col F 1412 Regular - Transp Fees from Other Districts (In State) $ 0

TR Revenues 9-14, L47, Col F 1421 Summer Sch - Transp. Fees from Pupils or Parents (In State) 0

TR Revenues 9-14, L48, Col F 1422 Summer Sch - Transp. Fees from Other Districts (In State) 0

TR Revenues 9-14, L49, Col F 1423 Summer Sch - Transp. Fees from Other Sources (In State) 0

TR Revenues 9-14, L50 Col F 1424 Summer Sch - Transp. Fees from Other Sources (Out of State) 0

TR Revenues 9-14, L52, Col F 1432 CTE - Transp Fees from Other Districts (In State) 0

TR Revenues 9-14, L56, Col F 1442 Special Ed - Transp Fees from Other Districts (In State) 232,469

TR Revenues 9-14, L59, Col F 1451 Adult - Transp Fees from Pupils or Parents (In State) 0

TR Revenues 9-14, L60, Col F 1452 Adult - Transp Fees from Other Districts (In State) 0

TR Revenues 9-14, L61, Col F 1453 Adult - Transp Fees from Other Sources (In State) 0

TR Revenues 9-14, L62, Col F 1454 Adult - Transp Fees from Other Sources (Out of State) 0

O&M Revenues 9-14, L148, Col D 3410 Adult Ed (from ICCB) 0

O&M-TR Revenues 9-14, L149, Col D & F 3499 Adult Ed - Other (Describe & Itemize) 0

O&M-TR Revenues 9-14, L218, Col D,F 4600 Fed - Spec Education - Preschool Flow-Through 0

O&M-TR Revenues 9-14, L219, Col D,F 4605 Fed - Spec Education - Preschool Discretionary 0

O&M Revenues 9-14, L229, Col D 4810 Federal - Adult Education 0

ED Expenditures 15-22, L7, Col K - (G+I) 1125 Pre-K Programs 283,588

ED Expenditures 15-22, L9, Col K - (G+I) 1225 Special Education Programs Pre-K 1,672,912

ED Expenditures 15-22, L11, Col K - (G+I) 1275 Remedial and Supplemental Programs Pre-K 0

ED Expenditures 15-22, L12, Col K - (G+I) 1300 Adult/Continuing Education Programs 0

ED Expenditures 15-22, L15, Col K - (G+I) 1600 Summer School Programs 510,400

ED Expenditures 15-22, L20, Col K 1910 Pre-K Programs - Private Tuition 0

ED Expenditures 15-22, L21, Col K 1911 Regular K-12 Programs - Private Tuition 0

ED Expenditures 15-22, L22, Col K 1912 Special Education Programs K-12 - Private Tuition 5,408,984

ED Expenditures 15-22, L23, Col K 1913 Special Education Programs Pre-K - Tuition 0

ED Expenditures 15-22, L24, Col K 1914 Remedial/Supplemental Programs K-12 - Private Tuition 0

ED Expenditures 15-22, L25, Col K 1915 Remedial/Supplemental Programs Pre-K - Private Tuition 0

ED Expenditures 15-22, L26, Col K 1916 Adult/Continuing Education Programs - Private Tuition 0

ED Expenditures 15-22, L27, Col K 1917 CTE Programs - Private Tuition 0

ED Expenditures 15-22, L28, Col K 1918 Interscholastic Programs - Private Tuition 0

ED Expenditures 15-22, L29, Col K 1919 Summer School Programs - Private Tuition 0

ED Expenditures 15-22, L30, Col K 1920 Gifted Programs - Private Tuition 0

ED Expenditures 15-22, L31, Col K 1921 Bilingual Programs - Private Tuition 0

ED Expenditures 15-22, L32, Col K 1922 Truants Alternative/Optional Ed Progms - Private Tuition 0

ED Expenditures 15-22, L75, Col K - (G+I) 3000 Community Services 843,445

ED Expenditures 15-22, L102, Col K 4000 Total Payments to Other Govt Units 1,397,065

ED Expenditures 15-22, L114, Col G - Capital Outlay 341,401

ED Expenditures 15-22, L114, Col I - Non-Capitalized Equipment 5,222

O&M Expenditures 15-22, L130, Col K - (G+I) 3000 Community Services 0

O&M Expenditures 15-22, L138, Col K 4000 Total Payments to Other Govt Units 0

O&M Expenditures 15-22, L150, Col G - Capital Outlay 455,328

O&M Expenditures 15-22, L150, Col I - Non-Capitalized Equipment 0

DS Expenditures 15-22, L154, Col K 4000 Payments to Other Dist & Govt Units 0

DS Expenditures 15-22, L164, Col K 5300 Debt Service - Payments of Principal on Long-Term Debt 10,977,523

TR Expenditures 15-22, L179, Col K - (G+I) 3000 Community Services 0

TR Expenditures 15-22, L190, Col K 4000 Total Payments to Other Govt Units 0

TR Expenditures 15-22, L200, Col K 5300 Debt Service - Payments of Principal on Long-Term Debt 0

TR Expenditures 15-22, L204, Col G - Capital Outlay 0

TR Expenditures 15-22, L204, Col I - Non-Capitalized Equipment 0

MR/SS Expenditures 15-22, L210, Col K 1125 Pre-K Programs 3,370

MR/SS Expenditures 15-22, L212, Col K 1225 Special Education Programs - Pre-K 133,086

MR/SS Expenditures 15-22, L214, Col K 1275 Remedial and Supplemental Programs - Pre-K 0

MR/SS Expenditures 15-22, L215, Col K 1300 Adult/Continuing Education Programs 0

MR/SS Expenditures 15-22, L218, Col K 1600 Summer School Programs 23,654

MR/SS Expenditures 15-22, L274, Col K 3000 Community Services 94,803

MR/SS Expenditures 15-22, L278, Col K 4000 Total Payments to Other Govt Units 0

Total Deductions for OEPP Computation (Sum of Lines 18 - 73) $ 22,383,250

Total Operating Expenses Regular K-12 (Line 14 minus Line 75) 151,839,498

9 Mo ADA from the General State Aid Claimable for 2015-2016 and Payable in 2016-2017 (ISBE 54-33), L12 11,772.63

Estimated OEPP (Line 76 divided by Line 77) $ 12,897.67

OPERATING EXPENSE PER PUPIL

ESTIMATED OPERATING EXPENSE PER PUPIL (OEPP)/PER CAPITA TUITION CHARGE (PCTC) COMPUTATIONS (2015-2016)

This schedule is completed for school districts only.



Page 29 Page 29

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5

A B C D E F G

Fund Sheet, Row ACCOUNT NO - TITLE Amount

ESTIMATED OPERATING EXPENSE PER PUPIL (OEPP)/PER CAPITA TUITION CHARGE (PCTC) COMPUTATIONS (2015-2016)

This schedule is completed for school districts only.

80

8182838485

868788899091929394

9596979899100101102103

104105106107108109110111112113

114115116117118119120121122

123124125126127128129130131

132133134135160161162163164165

166167168169170171172173174175176177178179180

181182

LESS OFFSETTING RECEIPTS/REVENUES:

TR Revenues 9-14, L42, Col F 1411 Regular -Transp Fees from Pupils or Parents (In State) $ 0

TR Revenues 9-14, L44, Col F 1413 Regular - Transp Fees from Other Sources (In State) 0

TR Revenues 9-14, L45, Col F 1415 Regular - Transp Fees from Co-curricular Activities (In State) 0

TR Revenues 9-14, L46, Col F 1416 Regular Transp Fees from Other Sources (Out of State) 0

TR Revenues 9-14, L51, Col F 1431 CTE - Transp Fees from Pupils or Parents (In State) 0

TR Revenues 9-14, L53, Col F 1433 CTE - Transp Fees from Other Sources (In State) 0

TR Revenues 9-14, L54, Col F 1434 CTE - Transp Fees from Other Sources (Out of State) 0

TR Revenues 9-14, L55, Col F 1441 Special Ed - Transp Fees from Pupils or Parents (In State) 0

TR Revenues 9-14, L57, Col F 1443 Special Ed - Transp Fees from Other Sources (In State) 0

TR Revenues 9-14, L58, Col F 1444 Special Ed - Transp Fees from Other Sources (Out of State) 0

ED Revenues 9-14, L75, Col C 1600 Total Food Service 874,820

ED-O&M Revenues 9-14, L82, Col C,D 1700 Total District/School Activity Income 634,888

ED Revenues 9-14, L84, Col C 1811 Rentals - Regular Textbooks 2,433,870

ED Revenues 9-14, L87, Col C 1819 Rentals - Other (Describe & Itemize) 0

ED Revenues 9-14, L88, Col C 1821 Sales - Regular Textbooks 36,567

ED Revenues 9-14, L91, Col C 1829 Sales - Other (Describe & Itemize) 0

ED Revenues 9-14, L92, Col C 1890 Other (Describe & Itemize) 135,649

ED-O&M Revenues 9-14, L95, Col C,D 1910 Rentals 170,288

ED-O&M-TR Revenues 9-14, L98, Col C,D,F 1940 Services Provided Other Districts 0

ED-O&M-DS-TR-MR/SS Revenues 9-14, L104, Col C,D,E,F,G 1991 Payment from Other Districts 0

ED Revenues 9-14, L106, Col C 1993 Other Local Fees (Describe & Itemize) 0

ED-O&M-TR Revenues 9-14, L131, Col C,D,F 3100 Total Special Education 5,075,683

ED-O&M-MR/SS Revenues 9-14, L140, Col C,D,G 3200 Total Career and Technical Education 48,361

ED-MR/SS Revenues 9-14, L144, Col C,G 3300 Total Bilingual Ed 323,799

ED Revenues 9-14, L145, Col C 3360 State Free Lunch & Breakfast 14,674

ED-O&M-MR/SS Revenues 9-14, L146, Col C,D,G 3365 School Breakfast Initiative 0

ED-O&M Revenues 9-14, L147,Col C,D 3370 Driver Education 98,353

ED-O&M-TR-MR/SS Revenues 9-14, L154, Col C,D,F,G 3500 Total Transportation 2,716,666

ED Revenues 9-14, L155, Col C 3610 Learning Improvement - Change Grants 0

ED-O&M-TR-MR/SS Revenues 9-14, L156, Col C,D,F,G 3660 Scientific Literacy 0

ED-TR-MR/SS Revenues 9-14, L157, Col C,F,G 3695 Truant Alternative/Optional Education 0

ED-TR-MR/SS Revenues 9-14, L159, Col C,F,G 3715 Reading Improvement Block Grant 0

ED-TR-MR/SS Revenues 9-14, L160, Col C,F,G 3720 Reading Improvement Block Grant - Reading Recovery 0

ED-TR-MR/SS Revenues 9-14, L161, Col C,F,G 3725 Continued Reading Improvement Block Grant 0

ED-TR-MR/SS Revenues 9-14, L162, Col C,F,G 3726 Continued Reading Improvement Block Grant (2% Set Aside) 0

ED-O&M-TR-MR/SS Revenues 9-14, L163, Col C,D,F,G 3766 Chicago General Education Block Grant 0

ED-O&M-TR-MR/SS Revenues 9-14, L164, Col C,D,F,G 3767 Chicago Educational Services Block Grant 0

ED-O&M-DS-TR-MR/SS Revenues 9-14, L165, Col C,D,E,F,G 3775 School Safety & Educational Improvement Block Grant 0

ED-O&M-DS-TR-MR/SS Revenues 9-14, L166, Col C,D,E,F,G 3780 Technology - Technology for Success 0

ED-TR Revenues 9-14, L167, Col C,F 3815 State Charter Schools 0

O&M Revenues 9-14, L170, Col D 3925 School Infrastructure - Maintenance Projects 0

ED-O&M-DS-TR-MR/SS-Tort Revenues 9-14, L171, Col C-G,J 3999 Other Restricted Revenue from State Sources 7,834

ED Revenues 9-14, L180, Col C 4045 Head Start (Subtract) 0

ED-O&M-TR-MR/SS Revenues 9-14, L184, Col C,D,F,G - Total Restricted Grants-In-Aid Received Directly from Federal Govt 0

ED-O&M-TR-MR/SS Revenues 9-14, L191, Col C,D,F,G - Total Title V 0

ED-MR/SS Revenues 9-14, L201, Col C,G - Total Food Service 1,513,096

ED-O&M-TR-MR/SS Revenues 9-14, L211, Col C,D,F,G - Total Title I 1,274,065

ED-O&M-TR-MR/SS Revenues 9-14, L216, Col C,D,F,G - Total Title IV 0

ED-O&M-TR-MR/SS Revenues 9-14, L220, Col C,D,F,G 4620 Fed - Spec Education - IDEA - Flow Through 2,642,877

ED-O&M-TR-MR/SS Revenues 9-14, L221, Col C,D,F,G 4625 Fed - Spec Education - IDEA - Room & Board 612,192

ED-O&M-TR-MR/SS Revenues 9-14, L222, Col C,D,F,G 4630 Fed - Spec Education - IDEA - Discretionary 0

ED-O&M-TR-MR/SS Revenues 9-14, L223, Col C,D,F,G 4699 Fed - Spec Education - IDEA - Other (Describe & Itemize) 0

ED-O&M-MR/SS Revenues 9-14, L228, Col C,D,G 4700 Total CTE - Perkins 39,913

ED-O&M-DS-TR-MR/SS-Tort Revenue Adjustments (C231 thru J258) 4800 Total ARRA Program Adjustments 0

ED Revenues 9-14, L260, Col C 4901 Race to the Top 0

ED-O&M-DS-TR-MR/SS-Tort Revenues 9-14, L261, Col C-G,J 4902 Race to the Top-Preschool Expansion Grant 0

ED,O&M,MR/SS Revenues 9-14, L262, Col C,D,G 4904 Advanced Placement Fee/International Baccalaureate 0

ED-TR-MR/SS Revenues 9-14, L263, Col C,F,G 4905 Title III - Immigrant Education Program (IEP) 48,981

ED-TR-MR/SS Revenues 9-14, L264, Col C,F,G 4909 Title III - Language Inst Program - Limited Eng (LIPLEP) 161,411

ED-TR-MR/SS Revenues 9-14, L265, Col C,F,G 4910 Learn & Serve America 0

ED-O&M-TR-MR/SS Revenues 9-14, L266, Col C,D,F,G 4920 McKinney Education for Homeless Children 0

ED-O&M-TR-MR/SS Revenues 9-14, L267, Col C,D,F,G 4930 Title II - Eisenhower Professional Development Formula 0

ED-O&M-TR-MR/SS Revenues 9-14, L268, Col C,D,F,G 4932 Title II - Teacher Quality 250,368

ED-O&M-TR-MR/SS Revenues 9-14, L269, Col C,D,F,G 4960 Federal Charter Schools 0

ED-O&M-TR-MR/SS Revenues 9-14, L270, Col C,D,F,G 4991 Medicaid Matching Funds - Administrative Outreach 399,593

ED-O&M-TR-MR/SS Revenues 9-14, L271, Col C,D,F,G 4992 Medicaid Matching Funds - Fee-for-Service Program 830,736

ED-O&M-TR-MR/SS Revenues 9-14, L272, Col C,D,F,G 4999 Other Restricted Revenue from Federal Sources (Describe & Itemize) 28,680

Total Deductions for PCTC Computation Line 83 through Line 173 $ 20,373,364

Net Operating Expense for Tuition Computation (Line 76 minus Line 175) 131,466,134

Total Depreciation Allowance (from page 27, Col I) 8,677,704

Total Allowance for PCTC Computation (Line 176 minus Line 177) 140,143,838

9 Month ADA (from the GSA Claimable for 2015-2016 Payable in 2016-2017 (ISBE form 54-33, Line 12)) 11,772.63

Total Estimated PCTC (Line 178 divided by Line 179) * $ 11,904.21

* The total OEPP/PCTC may change based on the data provided. The final amounts will be calculated by ISBE

PER CAPITA TUITION CHARGE



Page 30

ESTIMATED INDIRECT COST DATA

Page 30

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A B C D E F G H

ESTIMATED INDIRECT COST RATE DATA

SECTION I

Financial Data To Assist Indirect Cost Rate Determination

(Source document for the computation of the Indirect Cost Rate is found in the "Expenditures 15-22" tab.)

Support Services - Direct Costs (1-2000) and (5-2000)

Direction of Business Support Services (1-2510) and (5-2510) 0

Fiscal Services (1-2520) and (5-2520) 0

Operation and Maintenance of Plant Services (1, 2, and 5-2540) 0

Food Services (1-2560) Must be less than (P16, Col E-F, L62) 26,355

169,234

Internal Services (1-2570) and (5-2570) 0

Staff Services (1-2640) and (5-2640) 0

Data Processing Services (1-2660) and (5-2660) 0

SECTION II

Estimated Indirect Cost Rate for Federal Programs

Restricted Program Unrestricted Program

Function Indirect Costs Direct Costs Indirect Costs Direct Costs

Instruction 1000 95,230,893 95,230,893

Support Services:

Pupil 2100 13,118,378 13,118,378

Instructional Staff 2200 4,466,987 4,466,987

General Admin. 2300 1,898,284 1,898,284

School Admin 2400 9,624,599 9,624,599

Business:

Direction of Business Spt. Srv. 2510 773,898 0 773,898 0

Fiscal Services 2520 148,254 0 148,254 0

Oper. & Maint. Plant Services 2540 11,529,004 11,529,004 0

Pupil Transportation 2550 8,020,979 8,020,979

Food Services 2560 2,117,692 2,117,692

Internal Services 2570 117,690 0 117,690 0

Central:

Direction of Central Spt. Srv. 2610 0 0

Plan, Rsrch, Dvlp, Eval. Srv. 2620 79,493 79,493

Information Services 2630 636,983 636,983

Staff Services 2640 698,068 0 698,068 0

Data Processing Services 2660 2,977,251 0 2,977,251 0

Other: 2900 1,254,214 1,254,214

Community Services 3000 938,248 938,248

Total 4,715,161 148,915,754 16,244,165 137,386,750

Unrestricted Rate

Total Indirect Costs: 4,715,161 Total Indirect costs: 16,244,165

Total Direct Costs: 148,915,754 Total Direct Costs: 137,386,750

= 3.17% = 11.82%

ALL OBJECTS EXCLUDE CAPITAL OUTLAY. With the exception of line 11, enter the disbursements/expenditures included within the following functions charged directly to and reimbursed from federal

grant programs. Also, include all amounts paid to or for other employees within each function that work with specific federal grant programs in the same capacity as those charged to and reimbursed from

the same federal grant programs. For example, if a district received funding for a Title I clerk, all other salaries for Title I clerks performing like duties in that function must be included. Include any benefits

and/or purchased services paid on or to persons whose salaries are classified as direct costs in the function listed.

Restricted Rate

Value of Commodities Received for Fiscal Year 2016 (Include the value of commodities when determining if a Single

Audit is required) .

COUNTYDISTRICT NAMECODEDISTRICT NUMBERSTREET



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A B C D E F G

REPORT ON SHARED SERVICES OR OUTSOURCING

School Code, Section 17-1.1 (Public Act 97-0357 )

Fiscal Year Ending June 30, 2016

Check if the schedule is not applicable.Prior

Fiscal Year

Current

Fiscal YearNext Fiscal Year

Name of the Local Education Agency (LEA) Participating in the Joint

Agreement, Cooperative or Shared Service.#####

Indicate with an (X) If Deficit Reduction Plan Is Required in the Budget

Service or Function ( Check all that apply )Barriers to

Implementation (Limit text to 200 characters, for additional space use line 33 and 38)

Curriculum Planning X X None IGA - Online/Blended Learning program w/ Distrist 203 & 204 Custodial Services

Educational Shared Programs

Employee Benefits

Energy Purchasing X X None IGC - Illinois Gas Cooperative Food Services

Grant Writing

Grounds Maintenance Services

Insurance

Investment Pools

Legal Services

Maintenance Services

Personnel Recruitment

Professional Development

Shared Personnel

Special Education Cooperatives X X None SASED and CASE

STEM (science, technology, engineering and math) Program Offerings

Supply & Equipment Purchasing

Technology Services

Transportation

Vocational Education Cooperatives X X None Technology Center of DuPage All Other Joint/Cooperative Agreements

Other

Additional space for Column (D) - Barriers to Implementation:

Additional space for Column (E) - Name of LEA :

Complete the following for attempts to improve fiscal efficiency through shared services or outsourcing in the prior, current and next fiscal years.

00

Page 31

Page 32 Page 32

ILLINOIS STATE BOARD OF EDUCATION

School Business Services Division (N-330)

100 North First Street

Springfield, IL 62777-0001

LIMITATION OF ADMINISTRATIVE COSTS WORKSHEET School District Name:

RCDT Number:

Actual Expenditures, Fiscal Year 2016 Budgeted Expenditures, Fiscal Year 2017

(10) (20) (10) (20)

Funct.

No.Educational Fund

Operations &

Maintenance FundTotal Educational Fund

Operations &

Maintenance FundTotal

1. Executive Administration Services 2320 421,294 421,294 432,300 432,300

2. Special Area Administration Services 2330 1,361,344 1,361,344 1,392,980 1,392,980

3. Other Support Services - School Administration 2490 0 0 0

4. Direction of Business Support Services 2510 719,485 0 719,485 768,265 768,265

5. Internal Services 2570 117,690 117,690 141,500 141,500

6. Direction of Central Support Services 2610 0 0 0

7.0 0

8. Totals 2,619,813 0 2,619,813 2,735,045 0 2,735,045

9. 4%

CERTIFICATION

I certify that the amounts shown above as "Actual Expenditures, Fiscal Year 2016" agree with the amounts on the district's Annual Financial Report for Fiscal Year 2016.

I also certify that the amounts shown above as "Budgeted Expenditures, Fiscal Year 2017" agree with the amounts on the budget adopted by the Board of Education.

Signature of Superintendent

Contact Name

If line 9 is greater than 5% please check one box below.

The district will amend their budget to become in compliance with the limitation. Budget amendments must be adopted no later than June 30.

The District is ranked by ISBE in the lowest 25th percentile of like districts in administrative expenditures per student (4th quartile) and will waive the limitation by board action,

subsequent to a public hearing. Waiver resolution must be adopted no later than June 30.

The district is unable to waive the limitation by board action and will be requesting a waiver from the General Assembly pursuant to the procedures in Chapter 105 ILCS 5/2-3.25g.

Waiver applications must be postmarked by August 12, 2016 to ensure inclusion in the Fall 2016 report, postmarked by January 13, 2017 to ensure inclusion in the Spring 2017

report, or postmarked by August 11, 2017 to ensure inclusion in the Fall 2017 report. Information on the waiver process can be found at www.isbe.net/isbewaivers/default.htm.


(Section 17-1.5 of the School Code) 19-022-2000-26

Description

Deduct - Early Retirement or other pension obligations required

by state law and included above.

Percent Increase (Decrease) for FY2017 (Budgeted) over

FY2016 (Actual)

Date

Contact Telephone Number

Page 33 Page 33

This page is provided for detailed itemizations as requested within the body of the report.

Type Below.

1. Pg 18 H165: Paying agent dues and fees.

2. Short-Term Long Term Debt 25: Negative amount of ($5,940,000) represents defeased amounts of bonds.

3.

4.


19-022-2000-26

Page 34 Page 34

Reference Pages.

1Do not enter negative numbers. Reports with negative numbers will be returned for correction.

2 GASB Statement No. 24; Accounting and Financial Reporting for Certain Grants and Other Financial Assistance. The "On Behalf of" Payments should only be

reflected on this page.

3 Equals Line 8 minus Line 17

4 May require notification to the county clerk to abate an equal amount from taxes next extended. Refer to Section 17-2.11 for the applicable provisions and other "limited" transfer

authority to O&M through June 30, 2013

5 Requires notification to the county clerk to abate an equal amount from taxes next extended. See Section 10-22.14

6 Use of proceeds from the sale of school sites buildings, or other real estate is limited. See Sections 5-22 and 10-22.8 of the School Code.

7 Include revenue accounts 1110 through 1115, 1117, 1118 & 1120. Include taxes for bonds sold that are in addition to those identified separately.

8 Educational Fund (10) - Computer Technology only.

9 Corporate personal property replacement tax revenue must be first applied to the Municipal Retirement/Social Security Fund to replace tax revenue lost due to the

abolition of the corporate personal property tax (30 ILCS 115/12). This provision does not apply to taxes levied for Medicare-Only purposes.

10 Include only tuition payments made to private facilities. See Function 4200 or 4400 for public facility disbursements/expenditures.

11 Payment towards the retirement of lease/purchase agreements or bonded/other indebtedness (principal only) otherwise reported within the fund―e.g. alternate

revenue bonds( Describe & Itemize).

12 Only abolishment of Working Cash Fund must transfer its funds directly to the Educational Fund upon adoption of a resolution and at the close of the

current school Year (see 105 ILCS 5/20-8 for further explanation)

Only abatement of working cash fund can transfer its funds to any fund in most need of money (see 105 ILCS 5/20-10 for further explanation)

Page 35 Page 35

[Please insert files above]

Instructions to insert word doc or pdf files:Choose: Insert - Select: Object - Select Create New tab -

Select file type Adobe Acrobat or Microsoft Word

Document - Select Create from File tab - Select Browse

- Select file that you want to embed - Check Display as

icon - Select OK.

If you have trouble inserting pdf files it is because you do not have

the Adobe program.

Page 36 Page 36

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A B C D E F G

DescriptionEDUCATIONAL

FUND (10)

OPERATIONS &

MAINTENANCE

FUND (20)

TRANSPORTATION

FUND (40)

WORKING CASH

FUND (70)TOTAL

Direct Revenues 133,727,778 12,156,104 7,711,114 48,245 153,643,241

Direct Expenditures 132,735,019 11,369,782 7,967,117 152,071,918

Difference 992,759 786,322 (256,003) 48,245 1,571,323

Fund Balance - June 30, 2016 6,422,805 13,489,239 185,950 27,156,610 47,254,604

DEFICIT ANNUAL FINANCIAL REPORT (AFR) SUMMARY INFORMATION

New Provisions in the School Code, Section 17-1 (105 ILCS 5/17-1)

Balanced - no deficit reduction plan is required.

Instructions: If the Annual Financial Report (AFR) reflects that a "deficit reduction plan" is required as calculated below, then the school district is to complete the "deficit reduction

plan" in the annual budget and submit the plan to Illinois State Board of Education (ISBE) within 30 days after accepting the audit report. This may require the FY2017 annual

budget to be amended to include a "deficit reduction plan" and narrative.

The "deficit reduction plan" is developed using ISBE guidelines and format in the School District Budget Form 50-36. A plan is required when the operating funds listed below result

in direct revenues (line 7) being less than direct expenditures (line 8) by an amount equal to or greater than one-third (1/3) of the ending fund balance (line 10). That is, if the ending

fund balance is less than three times the deficit spending, the district must adopt and submit an original budget/amended budget with ISBE that provides a "deficit reduction plan" to

balance the shortfall within the next three years.

DEFICIT AFR SUMMARY INFORMATION - Operating Funds Only

(All AFR pages must be completed to generate the following calculation)

Audit Checklist

All entries must balance within the individual fund statements and schedules as instructed below.

Any error messages left unresolved below, will be returned to the school district/joint agreement.

1. The auditor's Opinion and Notes to the Financial Statements are embedded in the "Opinion-Notes 34" tab.

2. Student Activity Funds, Convenience Accounts, and other agency funds are included, if applicable.

3.

explanations are included for all checked items at the bottom of page 2.

4. All Other accounts and functions labeled "(describe & itemize) are properly noted on the "Itemization 32" tab.

5. In all funds, Function No. 2900 does not include Worker's Compensation or Unemployment Insurance.

6. Tuition paid to another school district or to a joint agreement (in state) is coded to Function 4200, and Other Objects (600).

7. Business Manager/Bookkeeper Costs are charged to the proper Function (No. 2510/2520).

8. If district is subject to PTELL on tab "Aud Quest 2", line 21 be sure to check the box and enter the effective date.

9. All entries were entered to the nearest whole dollar amount.

Balancing Schedule

Check this Section for Error Messages

The following assures that various entries are in balance. Any out of balance condition is followed by an error message in RED and must be resolved before submitting

to ISBE. One or more errors detected may cause this AFR to be returned for corrections and resubmission. If impossible for entries to balance please explain on the

itemization page.

Description: Error Message

1.

2.

What Basis of Accounting is used? ACCRUAL

Accounting for late payments (Audit Questionnaire Section D) OK

Are Federal Expenditures greater than $750,000? OK

Is all Single Audit information completed and enclosed? OK

Is Budget Deficit Reduction Plan Required? Congratulations! You have a balanced AFR.

3. Page 3: Financial Information must be completed.

Section A: Tax rates are not entered in the following format: [1.50 should be .0150]. Please enter with the correct decimal point. OK

Section D: Check a or b that agrees with the school district type. OK

4. Page 5: Cells C4:L4 Acct 111-115 - Cash Balances cannot be negative.

Fund (10) ED: Cash balances cannot be negative. OK

Fund (20) O&M: Cash balances cannot be negative. OK

Fund (30) DS: Cash balances cannot be negative. OK

Fund (40) TR: Cash balances cannot be negative. OK

Fund (50) MR/SS: Cash balances cannot be negative. OK

Fund (60) CP: Cash balances cannot be negative. OK

Fund (70) WC: Cash balances cannot be negative. OK

Fund (80) Tort: Cash balances cannot be negative. OK

Fund (90) FP&S: Cash balances cannot be negative. OK

5.

Fund 10, Cell C13 must = Cell C41. OK

Fund 20, Cell D13 must = Cell D41. OK

Fund 30, Cell E13 must = Cell E41. OK

Fund 40, Cell F13 must = Cell F41. OK

Fund 50, Cell G13 must = Cell G41. OK

Fund 60, Cell H13 must = Cell H41. OK

Fund 70, Cell I13 must = Cell I41. OK

Fund 80, Cell J13 must = Cell J41. OK

Fund 90, Cell K13 must = Cell K41. OK

Agency Fund, Cell L13 must = Cell L41. OK

General Fixed Assets, Cell M23 must = Cell M41. OK

General Long-Term Debt, Cell N23 must = Cell N41. OK

6.

Fund 10, Cells C38+C39 must = Cell C81. OK

Fund 20, Cells D38+D39 must = Cell D81. OK

Fund 30, Cells E38+E39 must = Cell E81 OK

Fund 40, Cells F38+F39 must = Cell F81. OK

Fund 50, Cells G38+G39 must = Cell G81. OK

Fund 60, Cells H38+H39 must = Cell H81. OK

Fund 70, Cells I38+I39 must = Cell I81. OK

Fund 80, Cells J38+J39 must = Cell J81. OK

Fund 90, Cells K38+K39 must = Cell K81. OK

8. Page 25: Schedule of Bonds Payable must = Pages 5, 8 & 18: Basic Financial Statements.

Note: Explain any unreconcilable differences in the Itemization sheet.

Total Long-Term Debt Issued (P25, Cell F49) must = Principal on Long-Term Debt Sold (P8, Cells C33:F33, H33:K33). OK

Total Long-Term Debt (Principal) Retired (P18, Cells H163) must = Debt Service - Long-Term Debt (Principal) Retired (P25, Cells H49). OK

9.

Acct 7130 - Transfer Among Funds, Cells C27:K27 must = Acct 8130 Transfer Among Funds, Cells C49:K49 OK

Acct 7140 - Transfer of Interest, Cells C28:K28 must = Acct 8140 Transfer of Interest, Cells C50:K50. OK

Acct 7900 - ISBE Loan Proceeds (Cells C42:K42) must = Acct 8910 - Transfers to Debt Service Fund to Pay Principal on ISBE Loans

(Cells C74:K74)

OK

10. Restricted Local Tax Levies Page 26, Line 25 must = Reserved Fund Balance, Pages 5 & 6, Line 38.

Reserved Fund Balance, Page 5, Cells C38:H38 must be => Reserve Fund Balance Cell G25:K25. OK

Unreserved Fund Balance, Page 5, Cells C39:H39 must be > 0 OK

11. Page 5: "On behalf" payments to the Educational Fund

Fund (10) ED: Account 3998 must be entered OK

12. Page 28: The 9 Month ADA must be entered on Line 77. OK

13. Page 32: LIMITATION OF ADMINISTRATIVE COST, Budget Information must be completed and submitted to ISBE. OK

14. Page 31: SHARED OUTSOURCED SERVICES, Completed. OK

Page 5: Sum of Reserved & Unreserved Fund Balance must = Page 8, Ending Fund Balance.

Page 7 & 8: Other Sources of Funds (L 24:42) must = Other Uses of Funds (P8, L46:59).

All audit questions on page 2 are answered appropriatly by checking all that apply. This page must also be certified with the signature of the CPA firm. Comments and

The Single Audit related documents must be completed and attached.

Cover Page: The Accounting Basis must be Cash or Accrual.

Page 5 & 6: Total Current & Capital Assets must = Total Liabilities & Fund Balance.

School No: Community Unit SD 200 16 AFR STATE np.xlsm

Page 37 Page 37

ANNUAL FEDERAL FINANCIAL COMPLIANCE REPORT (COVER SHEET)

DISTRICT/JOINT AGREEMENT

DISTRICT/JOINT AGREEMENT NAME RCDT NUMBER CPA FIRM 9-DIGIT STATE REGISTRATION NUMBER

ADMINISTRATIVE AGENT IF JOINT AGREEMENT (as applicable) NAME AND ADDRESS OF AUDIT FIRM

ADDRESS OF AUDITED ENTITY IL 60015

E-MAIL ADDRESS:

NAME OF AUDIT SUPERVISOR

Betsy AllenIL 60187

CPA FIRM TELEPHONE NUMBER FAX NUMBER

THE FOLLOWING INFORMATION MUST BE INCLUDED IN THE SINGLE AUDIT REPORT:

A copy of the CPA firm's most recent peer review report and acceptance letter has been submitted to

ISBE (either with the audit or under separate cover).

Financial Statements including footnotes Title 2 CFR §200.510 (a)

Schedule of Expenditures of Federal Awards including footnotes Title 2 CFR §200.510 (b)

Independent Auditor's Report Title 2 CFR §200.515 (a)

Independent Auditor's Report on Compliance and on Internal Control Over Financial Reporting Based on

an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Title 2 CFR §200.515 (b)

Independent Auditor's Report on Compliance with Requirements Applicable to each Major Program

and Internal Control over Compliance Title 2 CFR §200.515 (c )

Schedule of Findings and Questioned Costs Title 2 CFR §200.515 (d) (1) - (3)

Summary Schedule of Prior Year Audit Findings Title 2 CFR §200.511 (b)

Corrective Action Plan Title 2 CFR §200.511 (c)

THE FOLLOWING INFORMATION IS HIGHLY RECOMMENDED TO BE INCLUDED:

Copy of Federal Data Collection Form Title 2 CFR §200.512 (b)

Copy(ies) of Management Letter(s)

Year Ending June 30, 2016

Community Unit School District 200 19-022-2000-26 065-046525


1751 Lake Cook Road

(Street and/or P.O. Box, City, State, Zip Code)

[email protected]

Deerfield

130 West Park Avenue

847-205-5000 847-205-1400

Wheaton

Page 38 Page 38

The following checklist is OPTIONAL; it is not a required form for completion of Single Audit information. The purpose of the

checklist is to assist in determining if appropriate information has been correctly completed within the Annual Financial Report (AFR).

This is not a complete listing of all Single Audit requirements, but highlights some of the more common errors found during ISBE reviews.

GENERAL INFORMATION

1. Signed copies of audit opinion letters have been included with audit package submitted to ISBE.

2. All opinion letters use the most current audit language and formatting as mandated in SAS 115/SAS 117 and other pronouncements.

3. ALL Single Audit forms within the AFR Excel workbook have been completed, where appropriate.

- For those forms that are not applicable, "N/A" or similar language has been indicated.

4. ALL Federal revenues reported in FRIS Report 0053 (Summary of Payments) are accounted for in the Schedule of Expenditures of

Federal Awards (SEFA).Programs funded through ARRA are identified separately in SEFA

5. Federal revenues reported on the AFR reconcile to Federal revenues reported on the SEFA.

- Verify or reconcile on reconciliation worksheet.

6. The total value of non-cash COMMODITIES has been included within the AFR on the INDIRECT COSTS page (ICR Computation 30) on Line 11.

It should not be included in the Statement of Revenues Received (REVENUES 9-14) within the AFR Accounts 4210 - 4299.

Those accounts are specific cash programs, not non-cash assistance such as COMMODITIES.

7. Complete audit package (Data Collection Form, audit reports, etc.) has been submitted electronically to the Federal Audit Clearinghouse in

Jeffersonville, Indiana.

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

8. Programs funded through ARRA (Federal Stimulus funds) are identified separately from "regular" Federal programs

- Program name includes "ARRA - " prefix

- Correct ARRA CFDA and ISBE program numbers are listed

9. All prior year's projects are included and reconciled to final FRIS report amounts.

- Including reciept/revenue and expenditure/disbursement amounts.

10. All current year's projects are included and reconciled to most recent FRIS report filed.

- Including revenue and expenditure/disbursement amounts.

11. Differences in reported spending amounts on the SEFA and the final FRIS reports should be detailed and/or documented in a finding,

with discrepancies reported as Questioned Costs.

12. Prior-year and Current-year Child Nutrition Programs (CNP) are included on the SEFA (with prior-year program showing total cash received):

Project year runs from October 1 to September 30, so projects will cross fiscal year;

This means that audited year revenues will include funds from both the prior year and current year projects.

13. Each CNP project should be reported on separate line (one line per project year per program).

14. Total CNP Revenue amounts are consistent with grant amounts awarded by ISBE for each program by project year.

15. Total CNP Expenditure amounts are consistent with grant amounts awarded by ISBE for each program by project year.

16. Exceptions should result in a finding with Questioned Costs.

17. The total value of non-cash COMMODITIES has been reported on the SEFA (CFDA 10.555).

- The value is determined from the following, with each item on a separate line:

* Non-Cash Commodities: Monthly Commodities Bulletin for April (From the Illinois Commodities System accessed through ISBE web site)

Total commodities = A PAL Allocated + B PAL Allocated + Processing Deductions + Total Bonus Allocated Verify Non-Cash Commodities amount on ISBE web site: http://www.isbe.net/business.htm.

* Non-Cash Commodities: Commodities information for non-cash items received through Other Food Services

Districts should track separately through year; no specific report available from ISBE Verify Non-Cash Commodities amount through Other Food Services on ISBE web site: http://www.isbe.net/business.htm.

* Department of Defense Fresh Fruits and Vegetables (District should track through year)

- The two commodity programs should be reported on separate lines on the SEFA. Verify Non-Cash Commodities amount through DoD Fresh Fruits and Vegetables on ISBE web site: http://www.isbe.net/business.htm.

* Amounts verified for Fresh Fruits and Vegetables cash grant program (ISBE code 4240)

CFDA number: 10.582

18. TOTALS have been calculated for Federal revenue and expenditure amounts (Column totals).

19. Obligations and Encumbrances are included where appropriate.

20. FINAL STATUS amounts are calculated, where appropriate.

21. Medicaid Fee-for-Service funds, E-Rate reimbursements and Build America Bond interest subsidies have not been included on the SEFA.

22. All programs tested (not just Type A programs) are indicated by either an * or (M) on the SEFA.

23. NOTES TO THE SEFA within the AFR Excel workbook (SEFA NOTES) have been completed.

Including, but not limited to:

24. Basis of Accounting

25. Name of Entity

26. Type of Financial Statements

27. Subrecipient information (Mark "N/A" if not applicable)

* ARRA funds are listed separately from "regular" Federal awards

SUMMARY OF AUDITOR RESULTS/FINDINGS/CORRECTIVE ACTION PLAN

28. Audit opinions expressed in opinion letters match opinions reported in Summary.

29. All Summary of Auditor Results questions have been answered.

30. All tested programs are listed.

31. Correct testing threshold has been entered. Title 2 CFR §200.518

Findings have been filled out completely and correctly (if none, mark "N/A").

32. Financial Statement and/or Federal Awards Findings information has been completely filled out for each finding, with finding numbers in correct format.

32. Finding completed for each Significant Deficiency and for each Material Weakness noted in opinion letters.

33. Separate finding for each Federal program (i.e., don't report same finding for multiple programs on one sheet).

34. Separate finding sheet for each finding on programs (e.g., excess interest earned and unallowable expenditures are two findings

and should be reported separately, even if both are on same program).

35. Questioned Costs have been calculated where there are questioned costs.

36. Questioned Costs are separated by project year and by program (and sub-project, if necessary).

37. Questioned Costs have been calculated for Interest Earned on Excess Cash on Hand.

- Should be based on actual amount of interest earned

- Questioned Cost amounts are broken out between programs if multiple programs are listed on the finding

38. A CORRECTIVE ACTION PLAN has been completed for each finding.

- Including Finding number, action plan details, projected date of completion, name and title of contact person


19-022-2000-26

SINGLE AUDIT INFORMATION CHECKLIST

Page 39 Page 39

RECONCILIATION OF FEDERAL REVENUES

Annual Financial Report to Schedule of Expenditures of Federal Awards

TOTAL FEDERAL REVENUE IN AFR

Account Summary 7-8, Line 7 Account 4000 7,861,493$

Flow-through Federal Revenues

Revenues 9-14, Line 112 Account 2200 -

Value of Commodities

Indirect Cost Info 30, Line 11 169,234

Less: Medicaid Fee-for-Service

Revenues 9-14, Line 271 Account 4992 (830,736)

AFR TOTAL FEDERAL REVENUES: 7,199,991$

ADJUSTMENTS TO AFR FEDERAL REVENUE AMOUNTS:

Reason for Adjustment:

ADJUSTED AFR FEDERAL REVENUES 7,199,991$

Total Current Year Federal Revenues Reported on SEFA:

Federal Revenues Column D 7,199,991$

Adjustments to SEFA Federal Revenues:

Reason for Adjustment:

ADJUSTED SEFA FEDERAL REVENUE: 7,199,991$

DIFFERENCE: -$


19-022-2000-26

Page 40 Page 40

ISBE Project # Receipts/Revenues Expenditure/Disbursements4

Federal Grantor/Pass-Through Grantor/ CFDA (1st 8 digits) Year Year Year Year Obligations/ Final Budget

Program or Cluster Title and Number2

or Contract #3 7/1/14-6/30/15 7/1/15-6/30/16 7/1/14-6/30/15 7/1/15-6/30/16 Encumb. Status

Major Program Designation (A) (B) (C) (D) (E) (F) (G) (H) (I)

U.S. DEPARTMENT OF EDUCATION:

Passed through Illinois State Board of Education

Title I - Low Income 84.010A 15-4300-00 1,039,033 267,163 1,039,033 267,163 0 1,306,196 1,428,398

Title I - Low Income 84.010A 16-4300-00 0 1,006,902 0 1,006,902 0 1,006,902 1,310,808

(M) Fed. -Sp. Ed. - Pre-School Flow Through 84.173A 16-4600-00 0 59,581 0 59,581 0 59,581 66,460

(M) Fed. - Sp. Ed. - I.D.E.A. - Flow Through 84.027A 16-4620-00 0 2,642,877 0 2,642,877 0 2,642,877 3,175,159

(M) Fed. - Sp. Ed. - I.D.E.A. - Room & Board 84.027A 15-4625-00 223,011 278,721 223,011 278,721 0 501,732 N/A

(M) Fed. - Sp. Ed. - I.D.E.A. - Room & Board 84.027A 16-4625-00 0 333,471 0 333,471 0 333,471 N/A

Title III - Immigrant Education Program (IEP) 84.365A 16-4905-00 0 48,981 0 48,981 2,462 51,443 51,443

Title III - Lang Inst Prog - Limited Eng. LIPLEP 84.365A 15-4909-00 173,258 11,947 173,258 11,947 0 185,205 254,772

Title III - Lang Inst Prog - Limited Eng. LIPLEP 84.365A 16-4909-00 0 149,464 0 149,464 25,136 174,600 226,692

Title II - Teacher Quality 84.367A 15-4932-00 298,630 21,803 298,630 21,803 0 320,433 478,394

Title II - Teacher Quality 84.367A 16-4932-00 0 228,565 0 228,565 18,813 247,378 514,626

Total Passed through Illinois State Board of Education 1,733,932 5,049,475 1,733,932 5,049,475 46,411 6,829,818

• (M) Program was audited as a major program as defined by Title 2 CFR §200.518.

The accompanying notes are an integral part of this schedule.

1 To meet state or other requirements, auditees may decide to include certain nonfederal awards (for example, state awards) in this schedule. If such nonfederal data are presented,

they should be segregated and clearly designated as nonfederal. The title of the schedule should also be modified to indicate that nonfederal awards are included.2 When the CFDA number is not available, the auditee should indicate that the CFDA number is not available and include in the schedule the program's name and, if applicable,

other identifying number.3 When awards are received as a subrecipient, the name of the pass-through entity and identifying number assigned by the pass-through entity must be included in the schedule. Title 2 CFR §200.510 (b)(2)

4 The Uniform Guidance requires that the value of federal awards expended in the form of non-cash assistance, the amount of insurance in effect during the year, and loans or loan guarantees

outstanding at year end be included in either the schedule or a note to the schedule. Although it is not required, the Uniform Guidance states that it is preferable to present this information in

the schedule (versus the notes to the schedule). If the auditee presents non-cash assistance in the notes to the schedule, the auditor should be aware that such amounts must

still be included in part III of the data collection form.


19-022-2000-26



Page 40 Page 40






U.S. DEPARTMENT OF EDUCATION:

Passed through Illinois Department of Human Services

STEP PY 16 84.126 646CUD00194 0 28,680 0 28,680 33,171 61,851 N/A

Subtotal Illinois Department of Human Services 0 28,680 0 28,680 33,171 61,851

Passed through DuPage Area Occupational Educational System

Technology Center of DuPage

Voc. Ed - Carl Perkins Grant - PY 16 84.048 16-4799-00 0 39,913 0 39,913 0 39,913 N/A

0 39,913 0 39,913 0 39,913

TOTAL U.S. DEPARTMENT OF EDUCATION 1,733,932 5,118,068 1,733,932 5,118,068 79,582 6,931,582











19-022-2000-26



Page 40 Page 40






U.S. DEPARTMENT OF AGRICULTURE

Passed through Illinois State Board of Education

National School Lunch Program 10.555 15-4210-00 1,097,451 210,472 1,097,451 210,472 0 1,307,923 N/A

National School Lunch Program 10.555 16-4210-00 0 1,007,783 0 1,007,783 0 1,007,783 N/A

School Breakfast Program 10.553 15-4220-00 281,157 46,835 281,157 46,835 0 327,992 N/A

School Breakfast Program 10.553 16-4220-00 0 248,006 0 248,006 0 248,006 N/A

Value of Commodities 10.555 FY2016 0 169,234 0 169,234 0 152,507 N/A

Total U.S. DEPARTMENT OF AGRICULTURE 1,378,608 1,682,330 1,378,608 1,682,330 0 3,060,938

U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES

Passed Through The Illinois Department of Healthcare and

Family Services

Medicaid Administrative Outreach 93.778 16-4991-00 0 399,593 0 399,593 0 399,593 N/A

TOTAL U.S. DEPARTMENT OF HEALTH AND HUMAN

SERVICES 0 399,593 0 399,593 0 399,593

TOTAL FEDERAL EXPENDITURES 3,112,540 7,199,991 3,112,540 7,199,991 79,582 10,392,113











19-022-2000-26



Page 41 Page 41

Note 1: Basis of Presentation5

Note 2: Subrecipients6

Federal Amount Provided to

Program Title/Subrecipient Name CFDA Number Subrecipients

None

Note 3: Non-Cash Assistance

NON-CASH COMMODITIES (CFDA 10.555)**: 169,234

OTHER NON-CASH ASSISTANCE $0

Note 4: Other Information

Insurance coverage in effect paid with Federal funds during the fiscal year:

Property No

Auto No

General Liability No

Workers Compensation No

Loans/Loan Guarantees Outstanding at June 30: No

District had Federal grants requiring matching expenditures No

(Yes/No)

** The amount reported here should match the value reported for non-cash Commodities on the Indirect Cost Rate Computation page.

5

The following amounts were expended in the form of non-cash assistance by Community Unit School District 200 and are included

in the Schedule of Expenditures of Federal Awards:

This note is included to meet the Uniform Guidance requirement that the schedule include notes that describe the significant accounting policies used in

preparing the schedule.


19-022-2000-26

NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (SEFA)


The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Community Unit School District

200 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with

the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit

Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used

in the preparation of, the Basic financial statements.

Of the federal expenditures presented in the schedule, Community Unit School District 200 provided federal awards to subrecipients

Page 41 Page 41

6

The Uniform Guidance requires the Schedule of Expenditures of Federal Awards to include, to the extent practical, an identification of the total amount

provided to subrecipients, from each federal program. Although this example includes the required subrecipient information in the notes to the schedule, the

information may be included on the face of the schedule as a separate column or section, if that is preferred by the auditee. Title 2 CFR §200.510 (b)(2)

Page 42 Page 42

FINANCIAL STATEMENTS

Type of auditor's report issued:

(Unmodified, Qualified, Adverse, Disclaimer)

INTERNAL CONTROL OVER FINANCIAL REPORTING:

• Material weakness(es) identified? X YES None Reported

• Significant Deficiency(s) identified that are not considered to YES X None Reported

be material weakness(es)?

• Noncompliance material to financial statements noted? YES X NO

FEDERAL AWARDS

INTERNAL CONTROL OVER MAJOR PROGRAMS:

• Material weakness(es) identified? YES X None Reported

• Significant Deficiency(s) identified that are not considered to YES X None Reported

be material weakness(es)?

Type of auditor's report issued on compliance for major programs:

(Unmodified, Qualified, Adverse, Disclaimer7)

Any audit findings disclosed that are required to be reported in

accordance with Title 2 CFR §200.516 (a)? YES X NO

IDENTIFICATION OF MAJOR PROGRAMS:8

CFDA NUMBER(S)9

NAME OF FEDERAL PROGRAM or CLUSTER10

84.173A

84.027A

84.027A

Dollar threshold used to distinguish between Type A and Type B programs:

Auditee qualified as low-risk auditee? YES X NO

7 If the audit report for one or more major programs is other than unmodified, indicate the type of report issued for each program.

Example: "Unmodified for all major programs except for [name of program], which was modified and [name of program], which

was a disclaimer." 8

Major programs should generally be reported in the same order as they appear on the SEFA. 9

When the CFDA number is not available, include other identifying number, if applicable.10

The name of the federal program or cluster should be the same as that listed in the SEFA. For clusters, auditors are only

required to list the name of the cluster.

Unmodified


19-022-2000-26

SCHEDULE OF FINDINGS AND QUESTIONED COSTS


SECTION I - SUMMARY OF AUDITOR'S RESULTS

$750,000.00

Unmodified

Fed. -Sp. Ed. - Pre-School Flow Through

Fed. -Sp. Ed. - I.D.E.A. Flow Through

Fed. -Sp. Ed. - I.D.E.A. Room and Board

Page 43 Page 43

1. FINDING NUMBER:11 2016- 001 2. THIS FINDING IS: New X Repeat from Prior Year?

Year originally reported? 2007

3. Criteria or specific requirement

4. Condition

5. Context12

6. Effect

7. Cause

8. Recommendation

9. Management's response13

For ISBE Review

Date: Resolution Criteria Code Number

Initials: Disposition of Questioned Costs Code Letter

11 A suggested format for assigning reference numbers is to use the digits of the fiscal year being audited followed by a numeric

sequence of findings. For example, findings identified and reported in the audit of fiscal year 2016 would be assigned a reference

number of 2016-001, 2016-002, etc. The sheet is formatted so that only the number need be entered (1, 2, etc.).12

Provide sufficient information for judging the prevalence and consequences of the finding, such as relation to universe of costs and/or

number of items examined and quantification of audit findings in dollars.13

See Title 2 CFR §200.521 Management decision for additional guidance on reporting management's response.

See corrective action plan.

Community Unit School District 20019-022-2000-26

SCHEDULE OF FINDINGS AND QUESTIONED COSTSYear Ending June 30, 2016

SECTION II - FINANCIAL STATEMENT FINDINGS

The maintenance of current capital asset records ensures their proper recording in the financial statements.

Currently, the District is accounting for its capital assets and related depreciation at year-end with assistance from the

auditor.

The District does not have a process in place to track capital asset additions and deletions, or accumulated

depreciation.

Maintaining a current, complete list of capital assets guards against asset misappropriation and material misstatements

of the financial statements. Such a system is also part of an effective system of internal control.

The District does not have a process in place to track capital asset additions and deletions, or accumulated depreciation

and relies on the assistance of the auditor at year-end.

We recommend that management develop policies and procedures for maintaining a current capital asset listings. This

includes implementing procedures which identify fixed asset additions and deletions and calculation of depreiciation.

Page 44 Page 44

1. FINDING NUMBER:14 2016- N/A 2. THIS FINDING IS: New Repeat from Prior year?

Year originally reported?

3. Federal Program Name and Year:

4. Project No.: 5. CFDA No.:

6. Passed Through:

7. Federal Agency:

8. Criteria or specific requirement (including statutory, regulatory, or other citation)

9. Condition15

10. Questioned Costs16

11. Context17

12. Effect

13. Cause

14. Recommendation

15. Management's response18

For ISBE Review

Date: Resolution Criteria Code Number

Initials: Disposition of Questioned Costs Code Letter

14 See footnote 11.

15 Include facts that support the deficiency identified on the audit finding.

16 Identify questioned costs as required by Title 2 CFR §200.516 (a)(3 - 4).

17 See footnote 12.


19-022-2000-26

SCHEDULE OF FINDINGS AND QUESTIONED COSTS


SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS

Page 44 Page 4418

To the extent practical, indicate when management does not agree with the finding, questioned cost, or both.

Page 45 Page 45

[If there are no prior year audit findings, please submit schedule and indicate NONE]

Finding Number Condition Current Status20

2015-001 Capital asset records, reliance on audit firm. Repeated, see current year finding 2016-001.

When possible, all prior findings should be on the same page19

Explanation of this schedule - Title 2 CFR §200.511 (b)20

Current Status should include one of the following:

• A statement that corrective action was taken

• A description of any partial or planned corrective action

• An explanation if the corrective action taken was significantly different from that previously reported

or in the management decision received from the pass-through entity.


19-022-2000-26

SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS19


Page 46 Page 46

Corrective Action Plan

Finding No.: 2016- 001

Condition:

Plan:

Anticipated Date of Completion: N/A

Name of Contact Person: N/A

Management Response: N/A

21 Explanation of this schedule - Title 2 CFR §200.511 ( c)

The District will continue to utilize its auditor for assistance in accounting for capital assets as it would be cost productive

at this time to develop an internal system for the same purpose.


19-022-2000-26

CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS21


Currently, the District is accounting for its capital assets and related depreciation at year-end with assistance from the

auditor.

The accompanying Annual Financial Report is presented for purposes of additional analysis and is not a required

part of the financial statements. As described more fully in Note A, this regulatory-based financial report is

issued to comply with regulatory provisions prescribed by the Illinois State Board of Education, which is a basis

of accounting other than, and differs from, accounting principles generally accepted in the United States of

America. They are intended to assure effective legislative and public oversight of school district financing and

spending activities of accountable Illinois public school districts. The effects on the Annual Financial Report of

the variances between these regulatory accounting practices and accounting principles generally accepted in the

United States of America, although not reasonably determinable, are presumed to be material.

The accompanying Basic Financial Statements, Supplementary Schedules, and Notes to Annual Financial Report,

as listed in the table of contents of this Annual Financial Report, are the responsibility of management and was

derived from and related directly to the underlying accounting and other records used to prepare the basic

financial statements. That information has been subjected to the auditing procedures applied in the audit of the

basic financial statements and certain additional procedures, including comparing and reconciling such

information directly to the underlying accounting and other records used to prepare the basic financial statements

or to the basic financial statements themselves, and other additional procedures in accordance with auditing

standards generally accepted in the United States of America. In our opinion, that information is fairly stated in

all material respects in relation to the basic financial statements as a whole.

The financial profile information, estimated financial profile summary, statistical section, estimated indirect cost

rate for federal programs, report on shared services or outsourcing, administrative cost worksheet, itemization

schedule, reference page, deficit reduction calculation, Audit Checklist/Balancing Schedule, Single Audit

Information Checklist, and reconciliation of Federal Revenues have not been subjected to the auditing procedures

applied in the audit of the financial statements and, accordingly, we do not express an opinion or provide any

assurance on them.

(Continued)

INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTARY INFORMATION

The Members of the Board of Education


Wheaton, Illinois

We have audited the financial statements of the governmental activities, each major fund and the aggregate

remaining fund information of Community Unit School District 200 (District), as of and for the year ended June

30, 2016, and the related notes to the financial statements, which collectively comprise the District's basic

financial statements and have issued our report thereon dated November 3, 2016, which contained unmodified

opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the basic

financial statements as a whole.

(Continued)

Purpose of this Report

The purpose of this report is solely to comply with the regulatory provisions prescribed by the Illinois State

Board of Education as described above and in Note A and not intended to be the District’s primary presentation

of its financial position and changes in its financial position. Accordingly, this report is not suitable for any other

purpose.

The Members of the Board of Education

MILLER, COOPER & CO., LTD.

The answers to questions contained in the "Auditor's Questionnaire" and related comments are based solely on the

procedures performed and data obtained during our audit of the basic financial statements of the District, as of

and for the year ended June 30, 2016.


November 3, 2016

Certified Public Accountants

Deerfield, Illinois

��

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. Reporting Entity

2. New Accounting Pronouncement

3. Measurement Focus, Basis of Accounting, and Basis of Presentation

The more significant of the District's accounting policies are described below.

Community Unit School District 200NOTES TO THE ANNUAL FINANCIAL REPORT

June 30, 2016

The accounting policies of Community Unit School District 200 (the District) conform to the regulatory provisions

prescribed by the Illinois State Board of Education, which is a comprehensive basis of accounting other than

accounting principles generally accepted in the United States of America (GAAP), as applicable to Illinois school

districts.

The District is located in DuPage County, Illinois. The District is governed by an elected Board of Education. The

Board of Education maintains final responsibility for all personnel, budgetary, taxing, and debt matters.

The District includes all funds of its operations that are controlled by or dependent upon the District, as determined

on a basis of financial accountability. Financial accountability includes appointment of the organization's

governing body, imposition of will, and fiscal dependency. The accompanying financial statements include only

those funds of the District, as there are no organizations for which it has financial accountability.

Also, the District is not included as a component unit in any other governmental reporting entity, as defined by the

Governmental Accounting Standards Board (GASB) pronouncements.

The accounts of the District are organized on the basis of funds and account groups. A fund is an independent

fiscal and accounting entity with a self-balancing set of accounts that comprise its assets, liabilities, reserves, fund

balance, revenues, and expenditures or expenses as appropriate. Fund accounting segregates funds according to

their intended purpose and is used to aid management in demonstrating compliance with finance-related and

contractual provisions. The minimum number of funds is maintained consistent with legal and managerial

requirements. Account groups are a reporting device to account for certain assets and liabilities of the

governmental funds not recorded directly in those funds.

The Governmental Accounting Standards Board (GASB) has issued Statement No. 72, Fair Value Measurement

and Application, issued February 2015, which was implemented by the District during the fiscal year ended June

30, 2016. This Statement addresses accounting and financial reporting issues related to fair value measurements.

This Statement provides guidance for determining fair value measurement for financial reporting purposes. This

Statement also provides guidance for applying fair value to certain investments and disclosures related to all fair

value investments.

��


June 30, 2016

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. Measurement Focus, Basis of Accounting, and Basis of Presentation (Continued)

The District has the following fund types and account groups:

Funds are classified into the following categories: governmental and fiduciary.

Governmental funds are used to account for all or most of the District's general activities, including the collection

and disbursement of earmarked monies (special revenue funds), the servicing of general long-term debt (debt

service fund), and the acquisition or construction of major capital facilities (capital project funds). The General

Fund is used to account for all activities of the general government not accounted for in some other fund.

Governmental funds are used to account for the District's general governmental activities. Governmental fund

types use the flow of current financial resources measurement focus and the modified accrual basis of accounting.

Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual, i.e., when

they are both "measurable and available". "Measurable" means that the amount of the transaction can be

determined and "available" means collectible within the current period or soon enough thereafter to be used to pay

liabilities of the current period. The District considers most revenues available if they are collected within 60 days

after year-end.

Expenditures are recorded when the related fund liability is incurred, except for unmatured principal and interest

on general long-term debt, which is recognized when due, and certain compensated absences, claims, and

judgments, which are recognized when the obligations are expected to be liquidated with expendable available

financial resources.

Property taxes, replacement taxes, interest, and intergovernmental revenues associated with the current fiscal

period are all considered to be susceptible to accrual and are recognized as revenues of the current fiscal period.

All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports deferred revenue on its financial statements. Deferred revenue arises when a potential revenue

does not meet both the "measurable" and "available" criteria for recognition in the current period. In subsequent

periods, when both revenue recognition criteria are met, or when the District has a legal claim to the resources, the

liability for deferred revenue is removed from the statement of position and revenue is recognized.

Fiduciary funds (agency fund) are used to account for assets held on behalf of outside parties, including other

governments, or on behalf of other funds within the District.

��


June 30, 2016



a. General Fund

b. Special Revenue Funds

Transportation Fund - accounts for all revenues and expenditures made for student transportation. Revenues

are derived primarily from local property taxes and state reimbursement grants.

Municipal Retirement/Social Security Fund - accounts for the District's portion of pension contributions to the

Illinois Municipal Retirement Fund, payments to Medicare, and payments to the Social Security System for

noncertified employees. Revenues to finance contributions are derived primarily from local property taxes and

personal property replacement taxes.

Working Cash Fund - accounts for financial resources held by the District to be used as temporary interfund

loans for working capital requirements. Money loaned by the Working Cash Fund to other funds must be repaid

within one year. As allowed by the School Code of Illinois, this Fund may be permanently abolished and

become part of the Educational Fund or it may be partially abated to any fund in need as long as the District

maintains a balance in the Working Cash Fund of at least 0.05% of the District's current equalized assessed

valuation.

The Educational Fund is the District's primary operating fund. It accounts for all financial resources of the

general government, except those required to be accounted for in another fund.

The following funds are the District's funds:

Operations and Maintenance Fund - accounts for revenues and expenditures made for the operations, repair,

and maintenance of the District's building and land. Revenues consist primarily of local property taxes.

The special revenue funds are used to account for and report the proceeds of specific revenue sources (other

than those accounted for in the Debt Service, Capital Projects or fiduciary funds,) that are legally restricted to

expenditures for specified purposes.

Each of the District's special revenue funds has been established as a separate fund in accordance with the fund

structure required by the state of Illinois, for local educational agencies. These funds account for local property

taxes restricted to specific purposes. A brief description of the District's special revenue funds is as follows:

��


June 30, 2016



c. Debt Service Fund

d. Capital Project Funds

e. Fiduciary Fund

4. General Fixed Assets and General Long-Term Debt Account Groups

Debt Service Fund - accounts for the accumulation of resources for, and the payment of, general long-term debt

principal, interest, and related costs. The primary revenue sources are local property taxes levied specifically

for debt service.

Capital Projects Fund - accounts for financial resources to be used for the acquisition or construction of major

capital facilities. Revenues are derived from bond proceeds or transfers from other funds.

The Fiduciary Funds account for assets held by the District in a trustee capacity or as an agent for individuals,

private organizations, other governments, or other funds.

The Agency Funds - includes Student Activity Funds. The funds are custodial in nature (assets equal liabilities)

and do not involve the measurement of results of operations. Although the Board of Education has the ultimate

responsibility for activity funds, they are not local education agency funds. Student Activity Funds account for

assets held by the District which are owned, operated, and managed generally by the student body, under the

guidance and direction of adults or a staff member, for educational, recreational, or cultural purposes. They

account for activities such as student yearbook, student clubs and council, and scholarships.

Capital assets have been acquired for general governmental purposes. At the time of purchase, assets are recorded

as expenditures paid in the governmental funds and capitalized at cost in the General Fixed Assets Account Group.

Donated capital assets are listed at acquisition value as of the date of acquisition. Depreciation accounting is not

applicable, except to determine the per capita tuition charge. The costs of normal maintenance and repairs that do

not add to the value of the asset or materially extend assets' lives and the interest incurred during construction are

not capitalized.

Account groups are used to establish accounting control and accountability for the District's capital assets and

general long-term debt. The accounting and financial reporting treatment applied to the capital assets and long-

term liabilities associated with a fund are determined by its measurement focus.

��


June 30, 2016


4. General Fixed Assets and General Long-Term Debt Account Groups (Continued)

5. Deposits and Investments

6. Property Tax Receivable

The portion of the 2015 property tax levy not received by June 30 is recorded as a receivable, net of estimated

uncollectibles of 1%. The receivable collected within the current year or due and expected to be collected soon

enough thereafter to be used to pay liabilities of the current period, less the taxes collected soon enough after the

end of the previous fiscal year, are recognized as revenue. Net taxes receivable less the amount expected to be

collected within 60 days are reflected as deferred revenue.

Property taxes are collected by the DuPage County Collector/Treasurer, who remits to the District, its share of

collections. Taxes levied in one year become due and payable in two equal installments: the first due on June 1

and the second due on September 1. Property taxes are normally collected by the District within 60 days of the

respective installment dates.

Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term

Debt Account Group, not in the governmental funds. The debt recorded in the District's General Long-Term

Account Group consists of serial bond issues and long-term retirements liabilities.

The two account groups are not "funds." They are concerned only with the measurement of financial position.

They are not involved with measurement of the results of operations.

Investments are stated at fair value, cost, amortized cost or net asset value (NAV) per share as disclosed in the

notes. No amortization is made to interest income for discounted federal securities. Gains and losses on the sale

of investments are recorded as interest income at the date of sale or maturity.

The PTELA limitation is applied in the aggregate to the total levy (excluding certain levies for the repayment of

debt). PTELA limits the increase in total taxes billed to the lesser of 5% or the percentage increase in the

Consumer Price Index (CPI) for the preceding year. The amount can be exceeded to the extent that there is "new

growth" in the District's tax base. The new growth consists of new construction, annexations, and the tax

increment finance district property becoming eligible for taxation.

The District must file its tax levy resolution by the last Tuesday in December of each year. The District's 2015 tax

levy resolution was approved by the Board on November 11, 2015. The District's property tax is levied each year

on all taxable real property located in the District and it becomes a lien on the property on January 1 of that year.

The owner of real property on January 1 (the lien date) in any year is liable for taxes of that year. The District's

annual property tax levy is subject to two statutory limitations: individual fund rate ceilings and the Property Tax

Extension Limitation Act (PTELA).

��


June 30, 2016


7. Personal Property Replacement Taxes

8. Capital Assets

Assets Years

Building 10 - 50

Land improvements 20

Vehicles 8

Equipment 5 - 20

9. Accumulated Unpaid Vacation and Sick Pay

All vested vacation and sick leave pay is accrued when incurred in the government-wide financial statements. A

liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of

employee resignations and retirements, or are payable with expendable available resources.

Payments for vacation and sick leave will be made at rates in effect when the benefits are used. Accumulated

vacation and sick leave liabilities at June 30, 2016 are determined on the basis of current salary rates and include

salary related payments.

Depreciation of capital assets is provided over the estimated useful lives using the straight-line method and is

reflected for informational purposes only. Depreciation of capital assets is not charged to operations of the

District. The estimated useful lives are as follows:

Personal property replacement tax revenues are first allocated to the Municipal Retirement/Social Security Fund

with the balance allocated at the discretion of the District.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets'

lives are not capitalized.

Capital assets are defined by the District as assets with an initial individual or group cost of more than $1,000 and

an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical

cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

Under terms of employment, employees are granted sick leave and vacations in varying amounts. Only benefits

considered to be vested are disclosed in these statements.

��


June 30, 2016


9. Accumulated Unpaid Vacation and Sick Pay (Continued)

10.Long-Term Obligations

All certified employees receive a specified number of annual sick days, depending on their years of service, in

accordance with the agreement between the Board of Education and the Education Association. Unused sick leave

may accumulate with no risk of loss. Upon retirement, a certified employee may apply up to 340 days of unused

sick leave toward service credit for TRS.

For governmental funds, the current portion of the compensated absences is the amount that is due and payable

from expendable available financial resources. These amounts are recorded in the fund from which the employees

who have accumulated vacation leave are paid. Administrators may carry 36 days of vacation time into the next

year; any accumulated days in excess of this transfer are lost. Other staff may accumulate 15 days of vacation into

the next year, and a maximum of three vacation days may be converted to sick days. Any days in excess of this are

lost.

Educational support personnel receive fifteen sick days per year, which accumulate to a maximum of 240 days.

The District does not reimburse employees for unused sick days remaining upon retirement or termination of

employment.

Due to the nature of the policies on sick leave, and the fact that any liability is contingent upon future events and

cannot be reasonably estimated, no liability is provided in the financial statements for accumulated unpaid sick

leave.

The District reports long-term debt of governmental funds, at face value, in the General Long-Term Debt Account

Group. Certain other governmental fund obligations not expected to be financed with current available financial

resources are also reported in the General Long-Term Debt Account Group.

The governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the

current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt

issuances are reported as other financing sources while discounts on debt issuances are reported as other financing

uses. Issuance costs, whether or not withheld from actual debt proceeds received, are reported as debt service

expenditures.

Employees who work a twelve-month year are entitled to be compensated for vacation time. Applicable employees

are allowed to carryover earned but unused vacation into the next fiscal year, with certain restrictions.

��


June 30, 2016


11.Use of Estimates

NOTE B - LEGAL COMPLIANCE AND ACCOUNTABILITY - BUDGETS

a)

b)

c)

d)

e)

f)

Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual budgets are adopted

at the fund level for the governmental funds. The annual budget is legally enacted and provides for a legal level of

control at the fund level. All annual budgets lapse at fiscal year-end.

Public hearings are conducted and the proposed budget is available for inspection to obtain comments.

The Board of Education follows these procedures in establishing the budgetary data reflected in the financial

statements:

By September 30, the budget is legally adopted through passage of a resolution. By the last Tuesday in

December of each year, a tax levy resolution is filed with the County Clerk to obtain tax revenues.

Formal budgetary integration is employed as a management control device during the year, for the governmental

funds.

In preparing financial statements, management is required to make estimates and assumptions that affect the

reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the

financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual

results could differ from those estimates.

The budget amounts shown in the financial statements are as originally adopted, by the Board of Education, on

September 16, 2015.

The Administration submits to the Board of Education a proposed operating budget for the fiscal year

commencing July 1. The operating budget includes proposed expenditures and the means of financing them.

Management is authorized to transfer budget amounts, provided that funds are transferred between the same

function and object codes. The Board of Education is authorized to transfer up to a legal level of 10% of the

total budget between functions within a fund; however, any revisions that alter the total expenditures of any fund

must be approved by the Board of Education after the public hearing process mandated by law.

��


June 30, 2016

NOTE B - LEGAL COMPLIANCE AND ACCOUNTABILITY - BUDGETS (Continued)

g)

Amount

$ 23,868

15,157

NOTE C - DEPOSITS AND INVESTMENTS

Governmental Fiduciary Total

$ 64,547,996 $ 1,288,314 $ 65,836,310

Total

Deposits with financial institutions* $ 20,141,788

Illinois School District Liquid Asset Fund Plus 23,954,327

Illinois Institutional Investors Trust 21,740,195

$ 65,836,310

*

Fund

Municipal Retirement/Social Security

Capital Projects

At June 30, 2016, the District's cash and investments consisted of the following:

The following funds had expenditures in excess of budgets at June 30, 2016:

Cash and investments

The District's investment policy is in line with State Statutes. The investments that the District may purchase are

limited by Illinois law to the following: (1) securities that are fully guaranteed by the U.S. government as to principal

and interest; (2) certain U.S. government agency securities; (3) interest-bearing savings accounts, interest-bearing

certificates of deposit or time deposits or any other investments constituting direct obligations of any bank as defined

by the Illinois Banking Act; (4) short-term discount obligations of corporations organized in the United States with

assets exceeding $500,000,000; (5) interest-bearing bonds of any county, township, city, village, incorporated town,

municipal corporation or school district; (6) fully collateralized repurchase agreements; (7) the State Treasurer's

Illinois and Prime Funds; and (8) money market mutual funds and certain other instruments.

For disclosure purposes, this amount is classified into three components:

Includes accounts held on demand, savings accounts, certificates of deposit, and money market savings

accounts which are valued at cost.

��


June 30, 2016

NOTE C - DEPOSITS AND INVESTMENTS (Continued)

1.

2.

3.

4.

The Illinois Institutional Investors Trust (IIIT) is a qualified external investment pool formed pursuant to the

Illinois School Code and managed by a Board of Trustees, elected from participating members. Investments are

measured at NAV per share using the amortized cost basis provided by the pool, which is the price for which the

investment could be sold. The Annual Report for the IIIT can be obtained from https://www.iit.us/forms-and-

documents/. There were no unfunded commitments and no redemption limitations or notice periods.

Interest Rate Risk

The Illinois School District Liquid Asset Fund Plus (ISDLAF+) is a qualified external investment pool formed

pursuant to the Illinois School Code and managed by a Board of Trustees, elected from participating members.

Investments are measured at NAV per share using the amortized cost basis provided by the pool, which is the price

for which the investment could be sold. The Annual Report for ISDLAF+ can be obtained from its office at 2135

CityGate Lane, 7th Floor, Naperville, Illinois 60563. There were no unfunded commitments and no redemption

limitations or notice periods.

Custodial Credit Risk

Credit Risk

The District's investment policy requires diversification of the investment portfolio to minimize the risk of loss

resulting from overconcentration in a particular type of security, risk factor, issuer, or maturity. The policy

requires diversification strategies to be determined and revised periodically by the District's Investment Officer to

meet the District's ongoing need for safety, liquidity, and rate of return.

With respect to deposits, custodial credit risk is the risk that, in the event of a bank failure, the District's deposits

may not be returned to it. The District's investment policy limits the exposure to deposit custodial credit risk by

requiring all deposits in excess of FDIC insurable limits to be secured by collateral in the event of default or failure

of the financial institution holding the funds. At June 30, 2016, the bank balances of the District's deposits with

financial institutions totaled $21,328,512, all of which was fully insured or collateralized.

Concentration of Credit Risk

The District's investment policy seeks to ensure preservation of capital in the District's overall portfolio. The

highest return on investments is sought, consistent with the preservation of principal and prudent investment

principles. The investment portfolio is required to provide sufficient liquidity to pay District obligations as they

come due, considering maturity and marketability. The investment portfolio is also required to be diversified as to

maturities and investments, as appropriate to the nature, purpose, and amount of funds.

��


June 30, 2016

NOTE D - SPECIAL TAX LEVY

Special Education Tax Levy

NOTE E - CAPITAL ASSETS

Balance Additions/ Deletions/ Balance

July 1, 2015 Transfers Transfers June 30, 2016

Land $ 8,098,223 $ - $ - $ 8,098,223

Construction in progress 138,374 34,502 138,374 34,502

Buildings 310,237,364 359,183 - 310,596,547

Land improvements 8,419,831 814,519 343,950 8,890,400

Equipment 21,633,374 514,436 8,429,578 13,718,232

Vehicles 520,622 - - 520,622

Total capital assets $ 349,047,788 $ 1,722,640 $ 8,911,902 $ 341,858,526

Capital asset activity for the year ended June 30, 2016 was as follows:

Revenues from the special education tax levy and the related expenditures have been included in the operations of the

Educational Fund. Because cumulative expenditures exceeded cumulative revenues, there is no fund balance

restriction.

��


June 30, 2016

NOTE F - LONG-TERM LIABILITIES

1.

Balance Balance

July 1, 2015 Additions Reductions June 30, 2016

General obligation bonds $ 173,690,000 $ 6,140,000 $ 16,695,000 $ 163,135,000

Capital leases 917,930 - 222,523 695,407

Subtotal - regulatory basis 174,607,930 6,140,000 16,917,523 163,830,407

Unamortized premium 1,794,568 - 303,207 1,491,361

Compensated absences 619,314 753,492 777,933 594,873

IMRF net pension liability 4,488,069 10,890,899 6,112,942 9,266,026

TRS net pension liability 12,709,081 2,377,434 1,300,385 13,786,130

Other postemployment benefit

obligations 987,090 285,885 469,090 803,885

$ 195,206,052 $ 20,447,710 $ 25,881,080 $ 189,772,682

During the year ended June 30, 2016, changes in long-term liabilities of the District were as follows:

governmental activities

Changes in long-term liabilities

Total long-term liabilities -

��


June 30, 2016

NOTE F - LONG-TERM LIABILITIES (Continued)

2.

Interest

Rates Amount

Series 2006 Refunding Bonds 4.00% - 4.25% $ 36,095,000

Series 2008A Refunding and Building Bonds 3.75% - 5.00% 40,830,000

Series 2009A Refunding and

Working Cash Bonds 2.00% - 5.45% 6,515,000

Series 2009B Refunding and


Series 2009C Refunding Bonds 2.00% - 5.45% 5,235,000

Series 2009D Refunding and


Series 2012 Refunding and Building Bonds 0.50% - 3.50% 10,350,000

Series 2014 Working Cash Bonds 3.00% 9,540,000

Series 2015 Refunding Bonds 0.48% - 1.34% 5,890,000

$ 163,135,000

Year Ending

June 30, Principal Interest Total

2017 $ 11,720,000 $ 6,895,393 $ 18,615,393

2018 13,200,000 6,435,202 19,635,202

2019 14,660,000 5,890,165 20,550,165

2020 18,150,000 5,210,175 23,360,175

2021 21,735,000 4,355,378 26,090,378

2022 - 2025 83,670,000 6,924,181 90,594,181

Total $ 163,135,000 $ 35,710,494 $ 198,845,494

General obligation bonds are direct obligations and pledge the full faith and credit of the District. The summary of

activity in bonds payable for the year ended June 30, 2016 is as follows:

At June 30, 2016, the District's future cash flow requirements for retirement of bond principal and interest were as

follows:

General Obligation Bonds

��


June 30, 2016

NOTE F - LONG-TERM LIABILITIES (Continued)

2.

3.

Year Ending

June 30, Principal Interest Total

2017 $ 226,637 $ 11,705 $ 238,342

2018 230,826 7,516 238,342

2019 237,944 3,249 241,193

Total $ 695,407 $ 22,470 $ 717,877

These payments will be made from amounts budgeted from the debt service tax levies in future periods. There is

$11,317,852 in the Debt Service Fund to service the outstanding bonds payable.

The District currently has a lease agreement for financing the acquisition of technology equipment. The

obligations for these loans will be repaid from the Debt Service Fund with accumulated interest earned in the fund.

The future cash flow requirements for the lease are as follows:

During the fiscal year ended June 30, 2016, the District issued $6,140,000 of General Obligation Refunding

Bonds, Series 2015. The bond issuance was used to refund certain principal and interest maturities on the

District's Series 2005 bonds and to restructure the District's debt. This transaction resulted in a theoretical

economic gain (difference between the present value of the debt service payments on the old and new debt) of

$351,878. This transaction also resulted in a $200,000 deferred loss on the refunding, which was recognized in the

current year.

The District has defeased certain general obligations bonds and other bonds by placing proceeds of new bonds in

an irrevocable trust to provide for all future debt service payments on the old certificates. Accordingly, the trust

account assets and the liability for the defeased debt are not included in the District's financial statements. At June

30, 2016, $95,170,000 of bond principal outstanding are considered defeased.

Capital Lease

The District is subject to the Illinois School Code, which limits the bond indebtedness to 13.80% of the most recent

available equalized assessed valuation of the District. As of June 30, 2016, the statutory debt limit for the District

was $379,198,701, of which $215,368,294 is fully available.

General Obligation Bonds (Continued)

��


June 30, 2016

NOTE G - OPERATING LEASE AGREEMENTS

Year Ending

June 30, Total

2017 $ 727,739

2018 450,706

2019 225,786

2020 116,181

Total $ 1,520,412

NOTE H - RISK MANAGEMENT

The District is self-insured for health and medical coverage that is provided to District personnel. A third-party

administrator administers claims for a monthly fee per participant. Expenditures are recorded as incurred in the form

of direct contributions from the District to the third-party administrator for payment of employee health claims and

administration fees. The stop-loss coverage limits for the year ended June 30, 2016 were $225,000 for individual

claims and $17,060,000 for aggregate claims.

At June 30, 2016, total unpaid claims, including an estimate of claims that have been incurred but not reported

(IBNRs) to the administrative agent, totaled $566,535. These estimates are developed based on reports prepared by

the administrative agent. The District does not allocate overhead costs or other nonincremental costs to the claims

liability.

Future Maturities

The District leases various equipment and vehicles under noncancelable operating leases with unrelated parties.

Total cost for such leases was approximately $819,600 for the year ended June 30, 2016. The future minimum lease

payments under this agreement is as follows:

The District is exposed to various risks of loss related to employee health benefits; workers' compensation claims;

theft of, damage to, and destruction of assets; and natural disasters. The District purchases coverage against such

risks and participates in the following public entity risk pools: School Employee Loss Fund (SELF) for worker's

compensation claims; and Collective Liability Insurance Cooperative (CLIC) for property damage and injury claims.

The District pays annual premiums to the pools for insurance coverage. The arrangements with the pools provide that

the pools will be self-sustaining through member premiums, and will reinsure through commercial companies for

claims in excess of certain levels established by the pools. Settlements have not exceeded coverages for each of the

past three fiscal years. Complete financial statements for SELF can be obtained from its Pool Administrator, 2 Pierce

Place, Itasca, Illinois 60134. Complete financial statements for CLIC can be obtained from its Treasurer, 624

Kenilworth, Grayslake, Illinois 60030.

��


June 30, 2016

NOTE H - RISK MANAGEMENT (Continued)

June 30, 2016 June 30, 2015

Unpaid claims, beginning of fiscal year $ 569,244 $ 2,181,303

Incurred claims (including IBNRs) 11,243,611 10,431,125

Claim payments (11,246,320) (12,043,184)

Unpaid claims, end of fiscal year $ 566,535 $ 569,244

NOTE I - PENSION LIABILITIES

1.

General Information about the Pension Plan

Teachers' Retirement System of the State of Illinois

Plan Description

The District participates in the Teachers’ Retirement System of the State of Illinois (TRS). TRS is a cost-sharing

multiple-employer defined benefit pension plan that was created by the Illinois legislature for the benefit of Illinois

public school teachers employed outside the city of Chicago. TRS members include all active nonannuitants who

are employed by a TRS-covered employer to provide services for which teacher licensure is required. The Illinois

Pension Code outlines the benefit provisions of TRS, and amendments to the plan can be made only by legislative

action with the Governor’s approval. The TRS Board of Trustees is responsible for the System’s administration.

Claims liabilities during the past two years are as follows:

��

NOTE I - PENSION LIABILITIES

1.

General Information about the Pension Plan (Continued)


June 30, 2016

Teachers' Retirement System of the State of Illinois (Continued)

Plan Description (Continued)

TRS issues a publicly available financial report that can be obtained at http://trs.illinois.gov/pubs/cafr; by

writing to TRS at 2815 W. Washington, PO Box 19253, Springfield, IL 62794; or by calling (888) 877-

0890, option 2.

Benefits Provided

TRS provides retirement, disability, and death benefits. Tier I members have TRS or reciprocal system

service prior to January 1, 2011. Tier I members qualify for retirement benefits at age 62 with five years of

service, at age 60 with 10 years, or age 55 with 20 years. The benefit is determined by the average of the four

highest years of creditable earnings within the last 10 years of creditable service and the percentage of

average salary to which the member is entitled. Most members retire under a formula that provides 2.2

percent of final average salary up to a maximum of 75 percent with 34 years of service. Disability and death

benefits are also provided.

Tier II members qualify for retirement benefits at age 67 with 10 years of service, or a discounted annuity can

be paid at age 62 with 10 years of service. Creditable earnings for retirement purposes are capped and the

final average salary is based on the highest consecutive eight years of creditable service rather than the last

four. Disability provisions for Tier II are identical to those of Tier I. Death benefits are payable under a

formula that is different from Tier I.

Essentially all Tier I retirees receive an annual 3 percent increase in the current retirement benefit beginning

January 1 following the attainment of age 61 or on January 1 following the member’s first anniversary in

retirement, whichever is later. Tier II annual increases will be the lesser of three percent of the original benefit

or one-half percent of the rate of inflation beginning January 1 following attainment of age 67 or on January 1

following the member’s first anniversary in retirement, whichever is later.

��


June 30, 2016

NOTE I - PENSION LIABILITIES (Continued)

1.

On-behalf Contributions to TRS

2.2 Formula Contributions

Federal and Special Trust Fund Contributions

When TRS members are paid from federal and special trust funds administered by the employer, there is a

statutory requirement for the employer to pay an employer pension contribution from those funds. Under a

policy adopted by the TRS Board of Trustees that has been in effect since the fiscal year ended June 30,

2006, employer contributions for employees paid from federal and special trust funds will be the same as

the state contribution rate to TRS. Public Act 98-0674 now requires the two rates to be the same.


Contributions

Contributions from active members and TRS contributing employers are also required by the Illinois Pension

Code. The contribution rates are specified in the pension code. The active member contribution rate for the

year ended June 30, 2016, was 9.4 percent of creditable earnings. The member contribution, which may be

paid on behalf of employees by the employer, is submitted to TRS by the employer.

The state of Illinois makes employer pension contributions on behalf of the employer. For the year ended

June 30, 2016, state of Illinois contributions recognized by the District were based on the state’s

proportionate share of the collective net pension liability associated with the District, and the District

recognized revenue and expenditures of $45,811,720 in pension contributions from the state of Illinois.

Employers contribute 0.58 percent of total creditable earnings for the 2.2 formula change. The contribution

rate is specified by statute. Contributions for the year ended June 30, 2016, were $509,727, and are

deferred because they were paid after the June 30, 2015 measurement date.

The state of Illinois maintains the primary responsibility for funding TRS. The Illinois Pension Code, as

amended by Public Act 880-0593 and subsequent acts, provides that for years 2010 through 2045, the

minimum contribution to the System for each fiscal year shall be an amount determined to be sufficient to

bring the total assets of the System up to 90 percent of total actuarial liabilities of the System by the end of

fiscal year 2045.

For the year ended June 30, 2016, the employer pension contribution was 36.06 percent of salaries paid

from federal and special trust funds. For the year ended June 30, 2016, salaries totaling $773,514 were paid

from federal and special trust funds that required employer contributions of $278,929. These contributions

are deferred because they were paid after the June 30, 2015 measurement date.

��


June 30, 2016


1.

Early Retirement Cost Contributions

Resources Related to Pensions

District’s proportionate share of the net pension liability $ 13,786,130

State’s proportionate share of the net pension liability associated with the District 559,167,527

Total $ 572,953,657


Contributions (Continued)

Under GASB Statement No. 68, contributions that an employer is required to pay because of a TRS

member retiring are categorized as specific liability payments. The employer is required to make a one-time

contribution to TRS for members retiring under the Early Retirement Option (ERO). The payments vary

depending on the member’s age and salary. The maximum employer ERO contribution under the current

program is 146.5 percent and applies when the member is age 55 at retirement. For the year ended June 30,

2016, the District paid $459,512 to TRS for employer ERO contributions.

The District is also required to make a one-time contribution to TRS for members granted salary increases

over 6 percent if those salaries are used to calculate a retiree’s final average salary. A one-time contribution

is also required for members granted sick leave days in excess of the normal annual allotment if those days

are used as TRS service credit. For the year ended June 30, 2016, the District paid $5,703 to TRS for

employer contributions due on salary increases in excess of 6 percent and $961 for sick leave days granted

in excess of the normal annual allotment.

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of

At June 30, 2016, the District reported a liability for its proportionate share of the net pension liability (first

amount shown below) that reflected a reduction for state pension support provided to the District. The state’s

support and total are for disclosure purposes only. The amount recognized by the District as its proportionate

share of the net pension liability, the related state support, and the total portion of the net pension liability that

was associated with the District were as follows:

The net pension liability was measured as of June 30, 2015, and the total pension liability used to calculate

the net pension liability was determined by an actuarial valuation as of June 30, 2014, and rolled forward to

June 30, 2015. The District’s proportion of the net pension liability was based on the District’s share of

contributions to TRS for the measurement year ended June 30, 2015, relative to the projected contributions of

all participating TRS employers and the state during that period. At June 30, 2015, the District’s proportion

was 0.0210442907 percent, which was an increase of 0.0001612113 percent from its proportion measured as

of June 30, 2014.

��


June 30, 2016


1.

Deferred Deferred

Outflows of Inflows of

Resources Resources

Differences between expected and actual experience $ 5,123 $ 15,111

Net difference between projected and actual earnings on

pension plan investments 273,025 482,744

Changes of assumptions 190,648 -

Changes in proportion and differences between District

contributions and proportionate share of contributions 82,099 3,617,675

Total deferred amount to be recognized in pension

expense in the future period 550,895 4,115,530

District contributions subsequent to the measurement date 788,656 -

Total $ 1,339,551 $ 4,115,530


For the year ended June 30, 2016, the District recognized pension expense of $45,781,594 and revenue of

$45,811,720 for support provided by the state. At June 30, 2016, the District reported deferred outflows of

resources and deferred inflows of resources related to pensions from the following sources:

��


June 30, 2016


1.

Net Deferred

Inflows of

Resources

2017 $ 1,184,972

2018 1,184,972

2019 1,184,972

2020 9,719

Thereafter -

$ 3,564,635

Actuarial Assumptions

Inflation 3.00 percent

Salary increases varies by amount of service credit

Investment rate of return 7.50 percent, net of pension plan investment expense, including inflation

Year ended June 30,

The District reported $788,656 reported as deferred outflows of resources related to pensions resulting from

District contributions subsequent to the measurement date will be recognized as a reduction of the net pension

liability in the reporting year ended June 30, 2017. Other amounts reported as deferred outflows of resources

and deferred inflows of resources related to pensions will be recognized in pension expense as follows:


The total pension liability in the June 30, 2015 actuarial valuation was determined using the following

actuarial assumptions, applied to all periods included in the measurement:

Mortality rates were based on the RP-2014 White Collar Table with adjustments as appropriate for TRS

experience. The rates are used on a fully-generational basis using projection table MP-2014.

��


June 30, 2016


1.

Actuarial Assumptions (Continued)

Long-Term

Target Expected Real

Asset Class Allocation Rate of Return

U.S. large cap 18 % 7.53 %

Global equity (excluding U.S.) 18 7.88

Aggregate bonds 16 1.57

U.S. TIPS 2 2.82

NCREIF 11 5.11

Opportunistic real estate 4 9.09

ARS 8 2.57

Risk parity 8 4.87

Diversified inflation strategy 1 3.26

Private equity 14 12.33

Total 100 %


The actuarial assumptions for the years ended June 30, 2015 and 2014 were different. The actuarial

assumptions used in the June 30, 2015 valuation were based on the 2015 actuarial experience analysis. The

investment return assumption remained at 7.5 percent, and salary increase assumptions were lowered,

retirement rates were increased, mortality updates were made and other assumptions were revised. The

actuarial assumptions used in the June 30, 2014 valuation were based on updates to economic assumptions

adopted in 2014 which lowered the investment return assumption from 8.0 percent to 7.5 percent. The salary

increase and inflation assumptions were also lowered from their 2013 levels.

The long-term expected rate of return on pension plan investments was determined using a building-block

method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension

plan investment expense and inflation) are developed for each major asset class. These ranges are combined to

produce the long-term expected rate of return by weighting the expected future real rates of return by the

target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of

arithmetic real rates of return for each major asset class that were used by the actuary are summarized in the

following table:

��


June 30, 2016


1.

Sensitivity of the District’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate

Current

1% Decrease Discount 1% Increase

(6.47%) (7.47%) (8.47%)

District's proportionate share of the net

pension liability $ 17,036,277 $ 13,786,130 $ 11,120,922

Discount Rate

At June 30, 2015, the discount rate used to measure the total pension liability was a blended rate of 7.47

percent, which was a change from the June 30, 2014 rate of 7.50 percent. The projection of cash flows used

to determine the discount rate assumed that employee contributions, employer contributions, and state

contributions will be made at the current statutorily-required rates.

Based on those assumptions, TRS’s fiduciary net position at June 30, 2015 was not projected to be available

to make all projected future benefit payments of current active and inactive members and all benefit

recipients. Tier I’s liability is partially funded by Tier II members, as the Tier II member contribution is

higher than the cost of Tier II benefits. Due to this subsidy, contributions from future members in excess of

the service cost are also included in the determination of the discount rate. Despite the subsidy, all projected

future payments were not covered, so a slightly lower long-term expected rate of return on TRS investments

was applied to all periods of projected benefit payments to determine the total pension liability.

The following presents the District’s proportionate share of the net pension 1iability calculated using the

discount rate of 7.47 percent, as well as what the District's proportionate share of the net pension liability

would be if it were calculated using a discount rate that is 1-percentage-point lower (6.47 percent) or 1-

percentage-point higher (8.47 percent) than the current rate:


At June 30, 2014, the discount rate used to measure the total pension liability was 7.50 percent. The discount

rate was the same as the actuarially-assumed rate of return on investments that year because TRS's fiduciary

net position and the subsidy provided by Tier II sufficient to cover all projected benefit payments.

��


June 30, 2016


1.

TRS Fiduciary Net Position

2.


Illinois Municipal Retirement Fund

Plan Description

The District's defined benefit pension plan for regular employees provides retirement and disability benefits,

postretirement increases, and death benefits to plan members and beneficiaries. The District's plan is

managed with the Illinois Municipal Retirement Fund (IMRF), the administrator of an agent multi-employer

public pension fund. A summary of IMRF's pension benefits is provided in the Benefits Provided section

below. Details of all benefits are available from IMRF. Benefit provisions are established by statute and may

only be changed by the General Assembly of the State of Illinois. IMRF issues a publicly available

Comprehensive Annual Financial Report that includes financial statements, detailed information about the

pension plan's fiduciary net position, and required supplementary information. That report is available for

download at www.imrf.org.

Benefits Provided

IMRF has three benefit plans. The vast majority of IMRF members participate in the Regular Plan (RP).

All three IMRF benefit plans have two tiers. Employees hired before January 1, 2011, are eligible for Tier 1

benefits. Tier 1 employees are vested for pension benefits when they have at least eight years of qualifying

service credit. Tier 1 employees who retire at age 55 (at reduced benefits) or after age 60 (at full benefits)

with eight years of service are entitled to an annual retirement benefit, payable monthly for life, in an amount

equal to 1-2/3% of the final rate of earnings for the first 15 years of service credit, plus 2% for each year of

service credit after 15 years to a maximum of 75% of their final rate of earnings. Final rate of earnings is the

highest total earnings during any consecutive 48 months within the last 10 years of service, divided by 48.

Under Tier 1, the pension is increased by 3% of the original amount on January 1 every year after retirement.

Detailed information about the TRS’s fiduciary net position as of June 30, 2015 is available in the separately

issued TRS Comprehensive Annual Financial Report .

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June 30, 2016


2.

As of December 31, 2015, the following employees were covered by the benefit terms:

Retirees and beneficiaries currently receiving benefits 558

Inactive plan members entitled to but not yet receiving benefits 1,123

Active plan members 530

Total 2,211

Illinois Municipal Retirement Fund (Continued)

Benefits Provided (Continued)

Employees hired on or after January 1, 2011, are eligible for Tier 2 benefits. For Tier 2 employees, pension

benefits vest after ten years of service. Participating employees who retire at age 62 (at reduced benefits) or

after age 67 (at full benefits) with ten years of service are entitled to an annual retirement benefit, payable

monthly for life, in an amount equal to 1-2/3% of the final rate of earnings for the first 15 years of service

credit, plus 2% for each year of service credit after 15 years to a maximum of 75% of their final rate of

earnings. Final rate of earnings is the highest total earnings during any 96 consecutive months within the last

10 years of service, divided by 96. Under Tier 2, the pension is increased on January 1 every year after

retirement, upon reaching age 67, by the lesser of 3% of the original pension amount, or 1/2 of the increase in

the Consumer Price Index of the original pension amount.

Employees Covered by Benefit Terms

Contributions

As set by statute, the District's regular plan members are required to contribute 4.5 percent of their annual

covered salary. The statute requires the District to contribute the amount necessary, in addition to member

contributions, to finance the retirement coverage of its own employees. The District's annual contribution rate

for calendar year 2015 was 10.78%. For the fiscal year ended June 30, 2016 the District contributed

$1,608,839 to the plan. The District also contributes for disability benefits, death benefits, and supplemental

retirement benefits, all of which are pooled at the IMRF level. Contribution rates for disability and death

benefits are set by IMRF's Board of Trustees, while the supplemental retirement benefits rate is set by statute.

Net Pension Liability

The District’s net pension liability was measured as of December 31, 2015. The total pension liability used to

calculate the net pension liability was determined by an actuarial valuation as of that date.

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June 30, 2016

NOTE K - PENSION LIABILITIES (Continued)

2.

Actuarial Assumptions

Actuarial Cost Method Entry Age Normal

Asset Valuation Method Market Value of Assets

Price Inflation 2.75%

Salary Increases 3.75% to 14.50%

Investment Rate of Return 7.48%

Retirement Age

Mortality

The following are the methods and assumptions used to determine total pension liability at December 31,

2015:

Experience-based table of rates that are specific to the type of eligibility

condition. Last updated for the 2014 valuation pursuant to an experience

study of the period 2011-2013.

For non-disabled retirees, an IMRF specific mortality table was used with

fully generational projection scale MP-2014 (base year 2014). The IMRF

specific rates were developed from the RP-2014 Blue Collar Health

Annuitant Mortality Table with adjustments to match current IMRF

experience. For disabled retirees, an IMRF specific mortality table was

used with fully generational projection scale MP-2014 (base year 2014).

The IMRF specific rates were developed from the RP-2014 Disabled

Retirees Mortality Table applying the same adjustments that were applied

for non-disabled lives. For active members, an IMRF specific mortality

table was used with fully generational projection scale MP-2014 (base

year 2014). The IMRF specific rates were developed from the RP-2014

Employee Mortality Table with adjustments to match current IMRF

experience.

Long-term Expected Rate

of Return The long-term expected rate of return on pension plan investments was

determined using a building-block method in which best-estimate ranges

of expected future real rates of return (expected returns, net of pension

plan investment expense, and inflation) are developed for each major asset

class. These ranges are combined to produce the long-term expected rate

of return by weighting the expected future real rates of return to the target

asset allocation percentage and adding expected inflation. The target

allocation and best estimates of geometric real rates of return for each

major asset class are summarized in the following table:


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June 30, 2016


2.

Actuarial Assumptions (Continued)

38%

17%

27%

8%

9%

1%

100%

Single Discount Rate

a.

b.

Cash Equivalents 2.25%

Total

A Single Discount Rate of 7.48% was used to measure the total pension liability. The projection of cash flow

used to determine this Single Discount Rate assumed that the plan members’ contributions will be made at the

current contribution rate, and that employer contributions will be made at rates equal to the difference

between actuarially determined contribution rates and the member rate. The Single Discount Rate reflects:

The long-term expected rate of return on pension plan investments (during the period in which the

fiduciary net position is projected to be sufficient to pay benefits), and

The tax-exempt municipal bond rate based on an index of 20-year general obligation bonds with an

average AA credit rating (which is published by the Federal Reserve) as of the measurement date (to the

extent that the contributions for use with the long-term expected rate of return are not met).

For the purpose of this valuation, the expected rate of return on pension plan investments is 7.50%; the

municipal bond rate is 3.57%; and the resulting single discount rate is 7.48%.

Domestic Equity 7.39%

International Equity 7.59%

Fixed Income 3.00%


Real Estate

Portfolio

Target

Percentage

Long-Term

Expected Real

Rate of ReturnAsset Class

6.00%

Alternative Investments 2.75-8.15%

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June 30, 2016


2.

Changes in Net Pension Liability

Total Pension Plan Fiduciary Net Pension

Liability Net Position Liability

(A) (B) (A) - (B)

Balances at December 31, 2014 $ 77,666,761 $ 73,178,692 $ 4,488,069

Changes for the year:

Service cost 1,646,726 - 1,646,726

Interest on the total pension liability 5,758,452 - 5,758,452

Difference between expected and actual

experience of the total pension liability (316,741) - (316,741)

Changes of assumptions 92,014 - 92,014

Contributions - Employer - 1,558,593 (1,558,593)

Contributions - Employees - 657,701 (657,701)

Net Investment Income - 363,393 (363,393)

Benefit payments, including refunds of

employee contributions (3,216,514) (3,216,514) -

Other (net transfer) - (177,193) 177,193

Net changes 3,963,937 (814,020) 4,777,957

Balances at December 31, 2015 $ 81,630,698 $ 72,364,672 $ 9,266,026

Sensitivity of the Net Pension Liability to Changes in the Discount Rate

Current

1% Decrease Discount 1% Increase

(6.48%) Rate (8.48%)

Net pension liability $ 19,199,383 $ 9,266,026 $ 1,027,921

The following table shows the components of the change in the District's net pension liability for the calendar

year ended December 31, 2015:

The following presents the plan’s net pension 1iability, calculated using a Single Discount Rate of 7.48%, as

well as what the plan's net pension liability would be if it were calculated using a Single Discount Rate that is

1% lower or 1% higher than the current rate:


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June 30, 2016


2.

Deferred Deferred

Outflows of Inflows of

Deferred Amounts Related to Pensions Resources Resources

Deferred Amounts to be Recognized in Pension

Expense in Future Periods

Differences between expected and actual experience $ 14,838 $ 160,542

Change of assumptions 149,224 -

Net difference between projected and actual earnings on

pension plan investments 4,648,649 -

4,812,711 160,542

Pension contributions made subsequent to the measurement date 928,429 -

Total deferred amounts related to pensions $ 5,741,140 $ 160,542

Net Deferred

Outflows of

Year ended June 30, Resources

2016 $ 1,217,427

2017 1,207,745

2018 1,210,825

2019 1,016,172

Thereafter -

Total $ 4,652,169

For the year ended June 30, 2016, the District recognized pension expense of $4,340,899. At June 30, 2016,

the District reported deferred inflows of resources related to pensions from the following sources:

Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will

be recognized in pension expense as follows:


Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to

Pensions

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June 30, 2016


3. Summary of Pension Items

Below is a summary of the various pension items:

TRS IMRF Total

Deferred outflows of resources:

Employer contributions $ 788,656 $ 928,429 $ 1,717,085

Experience 5,123 14,838 19,961

Assumptions 190,648 149,224 339,872

Proportionate share 82,099 - 82,099

Investments 273,025 4,648,649 4,921,674

$ 1,339,551 $ 5,741,140 $ 7,080,691

Net pension liability $ 13,786,130 $ 9,266,026 $ 23,052,156

Deferred inflows of resources:

Experience 15,111 160,542 175,653

Proportionate share 3,617,675 - 3,617,675

Investment 482,744 - 482,744

$ 4,115,530 $ 160,542 $ 4,276,072

4. Social Security/Medicare

Employees not qualifying for coverage under the Illinois Teachers' Retirement System or the Illinois

Municipal Retirement Fund are considered "nonparticipating employees". These employees and those

qualifying for coverage under the Illinois Municipal Retirement Fund are covered under Social

Security/Medicare. The District paid the total required contribution for the current fiscal year.

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June 30, 2016

NOTE J - OTHER POSTEMPLOYMENT BENEFITS

1.

On behalf contributions to the THIS Fund

District contributions to the THIS Fund

The percentage of employer required contributions in the future will not exceed 105 percent of the percentage

of salary actually required to be paid in the previous fiscal year.

The state of Illinois makes employer retiree health insurance contributions on behalf of the District. State

contributions are intended to match contributions to the THIS Fund from active members which were 1.07

percent of pay during the year ended June 30, 2016. State of Illinois contributions were $940,359 and the

District recognized revenue and expenditures of this amount during the year.

The District also makes contributions to the THIS Fund. The District THIS Fund contribution was 0.80

percent during the year ended June 30, 2016. For the year ended June 30, 2016, the District paid $703,072

to the THIS Fund, which was 100 percent of the required contribution.

Teachers' Health Insurance Security (THIS)

The District participates in the Teacher Health Insurance Security (THIS) Fund, a cost-sharing, multiple-

employer defined benefit post-employment healthcare plan that was established by the Illinois legislature for

the benefit of retired Illinois public school teachers employed outside the city of Chicago. The THIS Fund

provides medical, prescription, and behavioral health benefits, but it does not provide vision, dental, or life

insurance benefits to annuitants of the Teachers’ Retirement System (TRS). Annuitants not enrolled in

Medicare may participate in the state-administered participating provider option plan or choose from several

managed care options. Annuitants who are enrolled in Medicare Parts A and B may be eligible to enroll in a

Medicare Advantage plan.

The State Employees Group Insurance Act of 1971 (5 ILCS 375) outlines the benefit provisions of the THIS

Fund and amendments to the plan can be made only by legislative action with the Governor’s approval. The

plan is administered by the Illinois Department of Central Management Services (CMS) with the cooperation

of TRS. Section 6.6 of the State Employees Group Insurance Act of 1971 requires all active contributors to

TRS who are not employees of the state to make a contribution to the THIS Fund.

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June 30, 2016

NOTE J- OTHER POSTEMPLOYMENT BENEFITS (Continued)

1.

Further Information on the THIS Fund

2.

Plan Description

57

14

Total 71

Contribution requirements are established through personnel policy guidelines and may be amended by the

action of the governing body. The District makes the same monthly health insurance contribution on behalf of

the retiree as it makes on behalf of all other active employees during that year. The District contributes all of

the current year premiums for both a family and a single plan, for eligible retired plan members and their

spouses. For fiscal year 2016, the District contributed $469,090 to the plan for retirees.

The District's annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual

required contribution of the employer (ARC), an amount actuarially determined in accordance with the

parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis,

is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess)

over a period not to exceed thirty years. The following table shows the components of the District's annual

OPEB cost for the year, the amount actually contributed to the plan, and changes in the District's net

estimated OPEB obligation to the Retiree Health Plan:

The publicly available financial report of the THIS Fund may be found on the website of the Illinois

Auditor General: http://www.auditor.illinois.gov/Audit-Reports/ABC-List.asp. The current reports are

listed under “Central Management Services.” Prior reports are available under “Healthcare and Family

Services.”

Retiree Health Plan

Funding Policy

Annual OPEB Cost and Net OPEB Obligation

The District administers a single-employer defined benefit healthcare plan ("the Plan"). The plan provides

benefits for eligible retirees and their spouses through the District's plan which covers both active and retired

members. Benefit provisions are established through personnel policy guidelines and state that eligible retirees

and their spouses receive coverage at established contribution rates. The Plan does not issue a publicly

available financial report.

Teachers' Health Insurance Security (THIS) (Continued)

As of June 30, 2016, the following employees were covered by the benefit terms:

Actives not yet fully eligible to retire

Retirees

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June 30, 2016

NOTE J - OTHER POSTEMPLOYMENT BENEFITS (Continued)

2.

June 30,

2016

$ 305,166

29,613

(48,894)

285,885

(469,090)

(183,205)

987,090

$ 803,885

Percentage

Actuarial Annual Annual OPEB

Valuation OPEB Cost Net OPEB

Date Cost Contributed Obligation

6/30/16 $ 285,885 164.1% $ 803,885

6/30/15* (173,017) 100.0% 987,090

6/30/14 313,424 56.4% 1,540,775

*

Interest on net OPEB obligation

Adjustment to annual required contribution

Annual OPEB cost

Contributions made

Decrease in net OPEB obligation

Retiree Health Plan (Continued)

Annual required contribution

Net OPEB obligation, beginning of year

Net OPEB obligation, end of year

The District's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net

OPEB obligation for fiscal year 2016 and the two preceding fiscal years were as follows:

Annual OPEB cost estimated using ARC from most recent valuation information.

Annual OPEB Cost and Net OPEB Obligation (Continued)

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June 30, 2016


2.

Actuarial valuation date July 1, 2015

Investment rate of return

N/A

3.00%

Rate of compensation increase N/A

Inflation rate 2.50%

The projection of future benefit payments for an ongoing plan involved estimates of the value of reported

amounts and assumptions about the probability of occurrence of events far into the future. Examples include

assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined

regarding the funded status of the plan and the annual required contributions of the employer are subject to

continual revision as actual results are compared with past expectations and new estimates are made about the

future.

Projections of benefits for financial reporting purposes are based on the substantive plan (the plan understood

by the employer and plan members) and include the types of benefits provided at the time of each valuation

and the historical pattern of sharing of benefit costs between the employer and plan members to that point.

The methods and assumptions used include techniques that are designed to reduce the effects of short-term

volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term

perspective of the calculations.

Methods and Assumptions

Funding Status and Funding Progress

As of June 30, 2016, the actuarial accrued liability for benefits was $3,515,464, all of which was unfunded.

The covered payroll (annual payroll of active employees covered by the plan) was $6,535,650 and the ratio of

the unfunded actuarial accrued liability to the covered payroll was 54%.


Actuarial methods and assumptions

Expected return on plan assets

Expected return on employer's assets

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June 30, 2016


2.

Methods and Assumptions (Continued)

Assumed health care trends

PPO plan 7.00%

HMO plan 5.50%

Dental plan 2.00%

Life insurance 0.00%

PPO plan & HMO plan 5.00%

Dental plan & Life insurance N/A

Fiscal year 2026

Additional information

Projected Unit Credit

Level Dollar - Open

30

N/A

Mortality, turnover, disability, and retirement ages Same rates utilized for IMRF

Administrators 100.00%

Actuarial cost method

Amortization method

Amortization period (years)

Method used to determine actuarial value of assets

Percentage of active employees assumed to elect benefit


Fiscal year the ultimate rate is reached

Initial health care cost trend rate

Ultimate health care cost trend rate

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NOTE K - FUND BALANCE

1. Generally Accepted Accounting Principles

a.

b.

c.

d.

e.


June 30, 2016

In the fund financial statements, governmental funds now report five components of fund balance: nonspendable,

restricted, committed, assigned, and unassigned. The Regulatory Model, followed by the District, only reports reserved

and unreserved fund balances. Below are definitions of the difference and a reconciliation of how these balances are

reported.

Nonspendable - includes amounts that cannot be spent because they are either not in spendable form or are

legally or contractually required to be maintained intact. The nonspendable in form criteria includes items that

are not expected to be converted to cash, such as prepaid items or inventories.

Restricted - refers to amounts that are subject to outside restrictions such as creditors, grantors, contributors, or

laws and regulations of other governments, or are imposed by law through enabling legislation. Special revenue

funds are by definition restricted for those specified purposes.

Committed - refers to amounts that can only be used for specific purposes pursuant to constraints imposed by

formal action of the District's highest level of decision-making authority (the Board of Education). The Board of

Education commits fund balances by passing a resolution. Amounts committed cannot be used for any other

purpose unless the District removes or changes the specific use by taking the same type of formal action it

employed to previously commit those funds. The District had no committed funds at June 30, 2016.

Assigned - refers to amounts that are constrained by the District's intent to be used for a specific purpose, but are

neither restricted nor committed. Intent may be expressed by the Board of Education or the individual to which

the Board of Education delegates the authority to assign amounts to be used for specific purposes. The Board of

Education has declared that the Superintendent or the Superintendent's designee may assign amounts for a

specific purpose. The District had no assigned funds at June 30, 2016.

Unassigned - refers to all spendable amounts not contained in the other four classifications described above. In

funds other than the General Fund, the unassigned classification is used only to report a deficit balance resulting

from overspending for specific purposes for which amounts had been restricted, committed, or assigned.

Unless specifically identified, expenditures act to reduce restricted balances first, then committed balances, assigned

balances, and, finally, they act to reduce unassigned balances. Expenditures for a specifically identified purpose

will act to reduce the specific classification of fund balance that is identified.

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June 30, 2016

NOTE K - FUND BALANCE (Continued)

2. Regulatory Model

a.

b.

3. Reconciliation of Fund Balance Reporting

Nonspendable Restricted Committed Assigned Unassigned Reserved Unreserved

Educational $ - $ - $ - $ - $ 6,422,805 $ - $ 6,422,805

Operations and

Maintenance - 13,489,239 - - - - 13,489,239

Debt Service 11,317,852 - - - - 11,317,852

Transportation - 185,950 - - - - 185,950

Municipal Retirement/

Social Security - 195,940 - - - - 195,940

Capital Projects - 18,221 - - - - 18,221

Working Cash - - - - 27,156,610 - 27,156,610

Total $ - $ 25,207,202 $ - $ - $ 33,579,415 $ - $ 58,786,617

Generally Accepted Accounting Principles Regulatory Basis

Fund

The first five columns of the following table represent Fund Balance Reporting according to generally accepted

accounting principles. The last two columns represent Fund Balance Reporting under the regulatory basis of

accounting utilized in preparation of the financial statements.

Unreserved Fund Balances are those balances that are not reserved for a specific purpose, other than the regular

purpose of any given fund.

Reserved Fund Balances are those balances that are reserved for a specific purpose, other than the regular

purpose of any given fund.

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June 30, 2016

NOTE L - JOINT AGREEMENTS

NOTE M - CONSTRUCTION COMMITMENTS

NOTE N - CONTINGENCIES

1. Litigation

2. Grants

Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies,

principally the federal government. Any disallowed claims, including amounts already collected, may constitute a

liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be

determined at this time, although the District expects such amounts, if any, to be immaterial.

Complete financial statements for the School Association for Special Education in DuPage County (SASED) can be

obtained from its business office at 6 S 331 Cornwall Road, Naperville, Illinois 60540.

Complete financial statements for the Cooperative Association for Special Education (CASE) can be obtained from its

business office at 22W600 Butterfield Road, Glen Ellyn, Illinois 60137.

The District is not involved in any significant litigation. With regard to other pending matters, the eventual outcome

and related liability, if any, are not determinable at this time. No provision has been made in the accompanying

financial statements for settlement costs.

The District is a member of the School Association for Special Education in DuPage County (SASED) and Cooperative

Association for Special Education (CASE), joint agreements that provide certain special education services to residents of

many school districts in DuPage County. The District believes that because it does not control the selection of the

governing authority, and because of the control over employment of management personnel, operations, scope of public

service, and special financial relationships exercised by the joint agreement governing boards, these should not be included

as component units of the District.

The District has certain commitments in various funds for constructions projects which have been approved by the Board of

Education at June 30, 2016. Commitments approximate $1,564,000 at June 30, 2016.

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June 30, 2016

NOTE O - SUBSEQUENT EVENTS

On July 7, 2016, the District issued $32,635,000 of General Obligation Refunding School Bonds Series 2016 for the

purpose of refunding prior bond issuances.

Subsequent to year end the District entered into two lease agreements for financing the acquisition of technology

equipment. The total value of these lease agreements is approximately $1,450,000 and will expire through June 2021. The

obligations of these leases will be repaid from the Debt Service Fund.

Management has evaluated subsequent events through November 3, 2016, the date that this financial report was available

to be issued. Management has determined that no events or transactions have occurred subsequent to the balance

sheet/statement of net position date that require additional disclosure in the financial statements, other than the items

described below.

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Documents

ILLINOIS STATE BOARD OF EDUCATION · 19-022-2000-26 DuPage Deerfield Miller, Cooper & Co., Ltd. Betsy Allen IL 60015 1751 Lake Cook Road [email protected] Click on the Link